Greenwood has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of 2.59% to date .
While Greenwood,6024 ranked number 174th in WA for increase in median house value (annualised) increase, it is ranked 282th over the last 5 years.
Greenwood6024 is located in WA which offers an average discount of -5.56% to property investors. Greenwood itself is showing figures that indicate -3.78% is the average achievable by property buyers investing in the suburb.
In the last year 149 properties changed hands in Greenwood, which puts it as the 56th most active market in WA when comparing the number of sales per suburb.
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).