Greenwood

POSTAL CODE: WA, 6024
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 48.17% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $933,500

The augmented property values in the suburb are trailing behind the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $740.

Home owners selling their properties and realtors in GREENWOOD usually have to wait an average of 25.1 days days before their assets are lifted off the market.

The WA suburb ranks 246th on the list of best yielding suburbs for rental properties in WA, posting a 4.12% return.

It also places places 167th in Australia based on median property value growth during the quarter.

Surburb overview

Greenwood is a well-established, family-friendly suburb approximately 17 kilometres north of the Perth central business district (CBD). Known for its spacious homes, leafy streets, and intense community atmosphere, Greenwood offers a relaxed suburban lifestyle with convenient access to both the city and Perth’s northern beaches.

Greenwood has a population of around 9,000 residents. The suburb is primarily residential, with housing mainly consisting of large family homes, many built in the 1970s and 1980s. These homes are often situated on generous blocks with established gardens, contributing to Greenwood’s relaxed, suburban charm.

Public transportation in Greenwood is convenient, with several Transperth bus routes servicing the suburb and connecting it to nearby train stations and surrounding areas. Greenwood Train Station on the Joondalup Line provides easy access to the Perth CBD and northern suburbs. Greenwood is well-connected via the Mitchell Freeway and Wanneroo Road, offering quick routes to the city, beaches, and nearby shopping centres.

Greenwood has several shopping centres, including Greenwood Village Shopping Centre and Coolibah Plaza, which provide supermarkets, cafes, restaurants, and essential services. Residents can visit Westfield Whitford City or Warwick Grove Shopping Centre for more extensive shopping and entertainment options.

One of Greenwood’s key attractions is its many parks and recreational spaces. Penistone Park, a central green space in the suburb, offers sporting facilities, playgrounds, and open spaces for picnics and recreational activities. Other local parks, such as Blackall Reserve and Oleaster Park, enhance the suburb’s family-friendly appeal.

Greenwood is well-regarded for its quality educational facilities, making it a popular choice for families. The suburb is home to Greenwood Primary School and West Greenwood Primary School, both highly regarded within the local community. Greenwood College, a local secondary school, provides educational options for older students.

Greenwood residents benefit from the suburb’s proximity to the city and the coast for recreational opportunities. Hillarys Boat Harbour and Sorrento Beach, two of Perth’s popular coastal destinations, are just a short drive away. They offer opportunities for swimming, beachside relaxation, and family outings. Hillarys Boat Harbour is a central entertainment hub with restaurants, shops, and attractions like the Aquarium of Western Australia (AQWA).

Greenwood offers a balanced suburban lifestyle that caters to families, professionals, and retirees. The suburb’s peaceful environment, community spirit, and proximity to critical amenities make it attractive for those seeking a comfortable and connected lifestyle in Perth’s northern suburbs.

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