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Greenwood, WA 6024

Home » WA Real Estate Data » City of Joondalup, WA » Greenwood, WA 6024

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 Greenwood, WA 6024 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.

Buy 

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Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

1BR

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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 “Greenwood, WA 6024”

  1. The total adult population (15 years or older) of Greenwood 6024 WA is 7,902, with a median age of 40. Of those, 50.92% are married, 12.17% are divorced or separated, 32.59% are single and 4.33% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,404. The median monthly mortgage repayment for households in this suburb is $1,972 which is 20.97% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heart of Western Australia is the suburb of Greenwood 6024, home to an estimated 4319 households, boasting a blend of vibrant community vibes and suburban tranquillity. An overview of the Q3 2023 property market statistics reveals promising figures for investor interest.

    Greenwood’s typical house prices are noted at $723,098 with a median weekly rent pricing at $544. This translates to an indicative yield of 3.91%, sitting comfortably above the specified attractive market minimum of 3%, thus offering potential appealing returns for cashflow-focused property investors.

    The suburb scores an impressive 1033 out of 1217 on the IRSAD metric, an indicator of the relative socio-economic character and prosperity of the area’s population. Holding a low renter to owner ratio at a mere 14%, Greenwood stands well under the ideal 30% cap, suggesting less competition for investors and hinting at a potentially stronger and more stable return on investment in the long run.

    Furthermore, Greenwood’s units to houses ratio is at a minimal 1%, indicating an overwhelmingly residential character, and positioning it well below the preferred 50% threshold. These figures also suggest lower competition among landlords for potential tenants, and a likely attraction for families, who statistically favour longer tenure durations.

    The affordability index for Greenwood stands at 30 years, remaining within the ideal affordability range, thus presenting a potentially attainable property market for the local community. This calculation also factors in the measured variables of current interest rates, median family income, and typical property prices in the area.

    On the supply side, Greenwood’s stock on market Percentage settles at 0.37%, classed as a low supply market which ideally positions the area for a seller’s advantage. This is complemented by the inventory level for houses which is marked at 1.23 months, further solidifying the suburb’s preferable low supply status.

    The building approvals Ratio denotes a low 0.6% and combined with the swift 31 average Days on Market, Greenwood boasts an attractive high-demand, low-supply dynamic. Reiterating this is the notably low vacancy rate for both houses and units, at a striking 0.16%.

    Taken together with a buy search index recording at a neutral 5, Greenwood 6024 presents a healthy and balanced property market and appears to be well aspected for investors who are seeking to capitalise on a suburb that combines robust demand with limited supply. However, it’s always important to continue thorough research or seek the expert opinion through platforms like HtAG Analytics, which employs the use of Relative Composite Score, to measure overall market vitality using multiple indicators.

    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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