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Greenmount, WA 6056

Home » WA Real Estate Data » Shire of Mundaring, WA » Greenmount, WA 6056

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Greenmount, WA 6056 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Greenmount, WA 6056”

  1. The total adult population (15 years or older) of Greenmount 6056 WA is 2,210, with a median age of 46. Of those, 47.83% are married, 13.76% are divorced or separated, 29.86% are single and 8.19% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,252. The median monthly mortgage repayment for households in this suburb is $1,800 which is 21.81% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Greenmount, 6056 is a community consisting of approximately 1,187 households. As we move into the third quarter of 2023, we can observe that the property market in Greenmount generally presents a fairly palatable investment scene for property buyers and investors.

    The typical price for houses within the suburb sits at an average of $590,479. Coupled with a median weekly rent of $450, this translates into an indicative yield of nearly 4%, which is tantalisingly above the minimum requirement of investors seeking cash-flow positive returns. This potentially advantageous yield is a testament to the balance between property value and rental costs within the suburb, which presents a favourable condition for long-term property investment.

    In terms of socio-economic factors, Greenmount has a solid IRSAD score of 999 out of 1217. This implies a reputation of decent socio-economic access and can be interpreted as having positive implications for potential property investment.

    The renter to owner ratio in the suburb is 11%, which is relatively low and thus potentially advantageous. This is because property markets with lower renter to owner ratios are considered more stable and less prone to competition among other property investors, which could otherwise affect rental yields.

    Moreover, another positive sign for future property investors can be seen in the unit to house ratio of Greenmount, which currently sits at a very low 2%. With fewer units, the area is less likely to be oversaturated with rental properties thus reducing competition these properties could otherwise face.

    The affordability index of Greenmount, 28 years, is within the favourable range. This suggests residents can become homeowners within the timeline of an average mortgage, indicating a prevailing affordability in this community.

    From a supply perspective, Greenmount has a stock on market Percentage of 0.55% and an inventory level of 1.71 months, both falling within the desired range and serving as indicators of low supply. Additionally, the building approvals Ratio currently rests at 2.4%, which remains well below the threshold of possible over-supply issues.

    Further bolstering the attractive market status of the suburb is the short turnaround in days on market for properties, sitting at just 20 days. Coupled with a low vacancy rate of 1.52%, these figures indicate a strong demand for properties in Greenmount, a further boon for investors.

    Lastly, the buy search index for houses is relatively high at 7, signalling that the interest and demand towards buying properties in this area is exceptionally high.

    In summary, Greenmount delivers favourable conditions across Essential, Supply, and Demand metrics, with the only note of caution presented in the fundamentals metrics due to the relatively lower Socio-Economic score. Like all investment decisions, however, prospective investors should also refer to the HtAG Analytics’ Relative Composite Score and take into account a broader range of factors before making a decision.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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