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Greenfields, WA 6210

Home » WA Real Estate Data » City of Mandurah, WA » Greenfields, WA 6210

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 Greenfields, WA 6210 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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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 “Greenfields, WA 6210”

  1. The total adult population (15 years or older) of Greenfields 6210 WA is 8,166, with a median age of 47. Of those, 41.72% are married, 16.21% are divorced or separated, 32.37% are single and 9.69% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,364. The median monthly mortgage repayment for households in this suburb is $1,387 which is 25.86% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Greenfields 6210, situated in Western Australia, boasts an estimated 5435 households. In the third quarter of 2023, houses in Greenfields 6210 were typically priced at $435,907 while sustaining a median weekly rent of $457. This arrangement produces an attractive indicative yield of 5.45% – much higher than the 3% threshold that is seen as desirable by cashflow-focused property investors.

    The locale has an IRSAD Score of 868 out of 1217, which points to a favourable socio-economic environment. However, the Greenfields 6210 market displays an impressive renter to owner ratio of just 23%, significantly below the 30% threshold. This hints at a stable community of long-term residents and helps diminish competition among landlords.

    The suburb also showcases a low ratio of units to houses (4%), indicating a stronger demand for detached homes and a reduced risk of price drops due to an oversupply of units. In line with this favourable supply-demand balance, the suburb’s vacancy rate of 1.34% points towards a high-demand market.

    The affordability index for the area, while above the typical 30 years at 32 years, reflects signs of a desirable market. A higher index, in this case, underscores the quality and desirability of the dwelling stock – homes in this locale are sought-after commodities.

    Supply indicators for Greenfields 6210 are favourable, with stock on market Percentage at a low 0.16% and inventory well below the 2-month threshold with a figure of just 0.37 months. Such metrics endorse a swift absorption of new listings.

    Also highlighting this suburb’s potential as a property investment haven is its low building approvals Ratio (0.47%), well below the 2% level that could point to an oversupply. Houses typically remain on the market for a mere 27 days, less than the 35-day requirement for a high-demand market.

    Finally, the buy search index for houses stands at 4, indicating neutral demand from buyers. This is a robust indication of the suburb’s potential, given the wide range of favourable results across the other parameters.

    Although some metrics such as the years to own and buy search index are not in the most favourable range, the overall scorecard points to Greenfields 6210 as a hotspot for savvy property investors. Keep in mind, however, the importance of monitoring these trends via an analytics dashboard to remain abreast of market dynamics. HtAG Analytics’ Relative Composite Score helps to simplify this research by using over 80 metrics to comprehensively understand a suburb’s property prospects. Favourable indicators not only show the current market standing but can also predict future trends.

    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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