Investment property in Greenwood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.56%
Greenwood,6024 was ranked 1133 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Greenwood are currently offering property investors an average price cut of -6.15% below the asking price at the moment.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 1.29%, investors should hope to achieve an overall return of 4.24%
Information supplied by:
Roy Weston Real Estate
(08) 9477 4444
0431 000 501
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.
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).