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Greta West, VIC 3675
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$785,000
Median Unit
$640,000
list-price estimate
Gross Yield (houses)
3.0%
1yr Growth
-
Investment snapshot for Greta West
Greta West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Greta West market and investor summary
In Greta West, VIC 3675, the median house sells for around $785K, on a gross rental yield of 3.0% for houses.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 77 days on market, so plan for a slower exit if you ever need one.
Living in Greta West: people, income and schools
About 157 people live in Greta West, a number that has held fairly steady over five years. At a median age of 54, it reads as an older, established demographic, and 93% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $61,000 a year (about $1,180 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 12.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 157
- +3% over 5yr
- Median age
- 54 years
- Median household income
- $61,000/yr
- Households renting
- 6%
- Family households
- 71%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.7%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Greta West
No properties currently listed in Greta West
Search Greta West listings →Frequently asked questions about Greta West
What should I check before investing in Greta West?
Greta West has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Greta West?
The median property price in Greta West, VIC 3675 is $785K for houses.
What rental yield does Greta West show?
The gross rental yield in Greta West is 3.0% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Greta West?
Greta West has a population of approximately 157 residents, with a median age of 54.
Is Greta West affordable to buy in?
A median house in Greta West costs about 12.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Greta West's population growing?
The population of Greta West has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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