Suburb Profile Report for Greenwood WA (6024)

Greenwood House: Median price $547,000, Annual capital growth 4.37%, Number of sales 161, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

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Over the last year, property investments in Greenwood, 6024 have given investors a capital gain of -2.32%. This compares favourably with the -5.25% for WA as a whole.

The five-year average increase in median property values for Greenwood,6024 has given property investors a potential capital gain of 8.86% across each of those five years.

Our latest figures would indicate that property sellers in Greenwood are currently offering property investors an average price cut of -4.89% below the asking price at the moment.

Residents and property investors in Greenwood have been waiting around 65.26 days to sell a property.

Barry Richards Information supplied by:

Barry Richards
Roy Weston Real Estate

M (08) 9477 4444
O 0431 000 501

W http://www.roywestonrealestate.com.au/
E Richards@iinet.com.au
Greenwood, a suburb located 18 kilometres from Greenwood city center, derived its name from Greenwood Forest, the initial real estate development in the area in 1969. It's also interesting to note that the nature reserves between Greenwood and Duncraig grew to become the Mitchell Freeway constructed during the mid-1980s. Full summary
Greenwood, a suburb located 18 kilometres from Greenwood city center, derived its name from Greenwood Forest, the initial real estate development in the area in 1969. It's also interesting to note that the nature reserves between Greenwood and Duncraig grew to become the Mitchell Freeway constructed during the mid-1980s. 
 
Selling points: 
 
Most sought-after properties: Our median price is $ 470,000. Which is suited for first home buyers and families.
 
Most common properties:
3x1 double brick smaller properties, some 4x1s also double brick.
 
Top amenities: The community features many points of interest such as Greenwood Village Shopping Centre, Greenwood Recreation Centre, Frisbee Disc Golf Course and Penistone Park. On the north western corner of the suburb lies another commercial centre, Coolibah Plaza Shopping Centre that is open seven days a week. Transportation systems are served by a railway station and Trans Greenwood buses.
 
Local industry and business: Just down Wanneroo Rd, is Wangara huge industrial area.  Joondalup City under 10kms away. 
 
Recent changes: Recent change to Greenwood will be the new upgraded Greenwood plaza. Some rezoning.
 
Best streets: The best street in Greenwood is (Hartly Ct) is ranked 1st Best Street. 4 stars 
 
Public transport: The suburb is bounded by Wanneroo Road in the east, Warwick Road in the south, Mitchell Freeway in the west and Hepburn Avenue in the north. Train station near the Greenwood community (Hepburn Train Station).  
Close
HOUSE UNIT
$547,000 N/A
-0.55% N/A
-2.32% N/A
4.37% N/A
$420 N/A
161 N/A
3.99% N/A
65.26 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 9611
Median household income ($/weekly) 1608
Median age of persons 37
Median housing loan repayment ($/monthly) 1900
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1142 11.9
    25-34 years 1350 14.0
    35-44 years 1516 15.8
    45-54 years 1178 12.3
    55-64 years 1501 15.6
    Others 2924 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 3857 53.3
    Not Married 2626 36.3
    Defacto Relationship 748 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 6558 70.7
    Papua New Guinea 350 3.8
    South Africa 175 1.9
    United Kingdom 1058 11.4
    Other 342 3.7
    Others 794 8.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 121 1.4
    Christianity 6082 67.9
    Islam 81 0.9
    Other Religious Groups 50 0.6
    No Religion 2587 28.9
    Others 38 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 260 8.2
    $1,250-$1,499 293 9.3
    $1,500-$1,999 497 15.7
    $2,000-$2,499 393 12.4
    $2,500-$2,999 367 11.6
    Others 1349 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3273 43.7
    Not in the labour force 1960 26.2
    Employed, worked part-time 1703 22.8
    Employed, away from work 344 4.6
    Unemployed, looking for work 205 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1184 22.2
    Technicians & trades workers 887 16.7
    Community & personal service workers 532 10.0
    Clerical & administrative workers 935 17.6
    Sales 518 9.7
    Others 1266 23.8
    Occupation
    Census Count Percent(%)
    Pre-school 176 8.4
    Infants/Primary 825 39.2
    Secondary 443 21.0
    Technical or Further Educational Institution 196 9.3
    University or other Tertiary Institutions 406 19.3
    Others 59 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8860 95.9
    Semi-detached, row or terrace house, townhouse 371 4.0
    Flat, unit or apartment 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1648 46.9
    Fully owned 1267 36.1
    Rented 588 16.7
    Other tenure type 8 0.2
    Tenure Type
Census 2011, ABS
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