The numbers, in plain English
To rent in Greenacre without housing stress, a household income of about $113,000/year keeps the rent of $650/week at or below 30% of gross income — the standard affordability benchmark. That rent is our modelled median (no bond data published for Greenacre yet). Check your income →
To buy the median home ($945,000) with a 20% deposit of $189k, repayments at 6.2% over 30 years come to about $4,630/month — comfortable on roughly $185,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 10.5 years, before stamp duty of $37k ($27k for eligible first home buyers). Run your own loan →
That price is an estimate, and probably too low. Unlike the rent above, no government publishes open sale prices for New South Wales, so we model it from distance, population and income. Where we can check that model against real sales, it runs about 40% under — so treat this figure, and the deposit and repayments built on it, as a rough scale rather than a number to plan around. How we're fixing this →
Compared to the rest of New South Wales, Greenacre is more expensive to buy than 93% of the state's suburbs (state median $380k) and pricier to rent than 74% (state median $565/week). It sits roughly 14 km from the Sydney CBD as the crow flies.
For investors, the median rent against the median price gives a gross rental yield of about 3.6% before costs. Net yield calculator →
Modelled medians, not valuations — every formula above is documented on our methodology page.
Affordability by income
$60k income
Rent ($650/wk)
Over budget
Budget: $346/wk
Buy ($945k)
Repayments are a stretch
$4,533/mo · deposit in ~21yr
$90k income
Rent ($650/wk)
Over budget
Budget: $519/wk
Buy ($945k)
Repayments are a stretch
$4,533/mo · deposit in ~14yr
$120k income
Rent ($650/wk)
Affordable
Budget: $692/wk
Buy ($945k)
Repayments are a stretch
$4,533/mo · deposit in ~10.5yr
Based on 30% gross income rule for rent; 6% p.a. / 30-year P&I loan at 20% deposit for purchase; 15% savings rate for deposit timeline.
Upfront buying costs
| Purchase price | $945k |
| 20% deposit (no LMI) | $189k |
| Stamp duty (New South Wales) | $37k |
| Stamp duty (first home buyer) | $27k |
| Conveyancing (est.) | $1,500 – $3,000 |
| Building inspection (est.) | $400 – $700 |
| Total upfront (est.) | $228k |
Who lives here & what's nearby
Real figures for Greenacre — measured, not modelled.
How Greenacre compares
- Younger than average — a median age of 34 vs 44 statewide.
Demographics and tenure from the ABS 2021 Census; the socio-economic score is the ABS SEIFA 2021 index of relative disadvantage, scaled 0–100 against every Australian postcode; distances and school counts from OpenStreetMap. Comparisons are against the median suburb in New South Wales. Suburb-level price trends aren't shown because no open source publishes them reliably yet — see our data sources.
What's around Greenacre
Real places nearby — the little things that make a suburb feel like home.
- Northcote Park300 m
- Lee Park500 m
- Norfolk Reserve800 m
- Allum Park900 m
- Greenacre Leisure and Aquatic Centre1.0 km
- Mount Lewis Bowling Club1.9 km
- Potts Park1.9 km
- Greenacre Library And Knowledge Centre1.0 km
- High Street Community Library2.5 km
- Bankstown Library and Knowledge Centre2.7 km
- Lakemba Library3.0 km
- Greenacre Early Childhood Centre1.0 km
- Canterbury City Community Centre3.0 km
Places within about 3 km, from OpenStreetMap contributors — distances as the crow flies. Something missing or moved? Tell us.
Get to know Greenacre
Real places to see and hear what living here is actually like.
Neighbourhood at a Glance
Indicative scores based on ABS Census data modelling. Always conduct your own research.
Related reading
Government schemes that may apply
First Home Guarantee (FHBG)
Buy with as little as 5% deposit, no LMI. Up to 35,000 places/year nationwide.
Learn more →First Home Owner Grant (FHOG)
New South Wales offers a grant for eligible first home buyers purchasing new builds. Amounts vary.
Learn more →First Home Super Saver (FHSS)
Save up to $50k inside super (taxed at 15% instead of marginal rate), then withdraw for a deposit.
Learn more →Stamp duty concessions
On Greenacre's median of $945,000, a NSW first home buyer pays about $26,616 instead of $36,712 — roughly $10,096 less.
That median is modelled, not observed, and our modelled prices run low — treat the duty figure as indicative.
Learn more →Nearby suburbs in New South Wales
What people are saying about Greenacre
Be the first to share an insight about this suburb
Sign in to share your local knowledge about Greenacre
Check your personal affordability
Enter your income and see every suburb in Australia ranked for you.
Get pre-approved in Greenacre
Free broker match. 35+ lenders compared. No obligation.
Rent data for Greenacre sourced from the ABS 2021 Census, scaled by rental CPI to current values. Calculations use 30% gross income rule, 20% deposit, 6% p.a. loan rate over 30 years. Not financial advice.