If you compare the increase in value of investment property in Greenmount, 6056 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was 1.96%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Greenmount has increased when compared to the 5 year average annual rate.
Greenmount, 6056 is offering WA ‘s 265th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this WA.
In the last year 50 properties changed hands in Greenmount, which puts it as the 236th most active market in WA when comparing the number of sales per suburb.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 0.80%.