The Greenfields property market recorded a median dwelling price of $710,000 during August, representing an 18.3% increase over 12 months. Fourteen sales were recorded, with 30 properties listed for sale.
The median time to sell was 26 days. The median residential land price was $370,000.
The Greenfields rental market recorded a median rent of $550 per week, with 20 properties leased and a median leasing period of 21 days.
What This Means
Current Greenfields house prices continue to sit above year-ago levels, although increasing listings give buyers greater choice. Investors researching Greenfields investment property also have meaningful rental activity on which to base their assessment.
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