Greenmount

POSTAL CODE: WA, 6056
HOUSE

Property investors enjoyed capital gains of 9.58% over the last 12 months in GREENMOUNT, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the WA suburb obtained a 6.21% growth over a ten-year period. It ranks 2537th on our list of suburbs that property investors should look into.

GREENMOUNT, 6056 has a capital gain of 9.58% for the past year, which is lower than average compared to its 78.8% growth within a five-year period.

With the median home price in GREENMOUNT sitting at $844,833, and the average rent at $632.5, property owners could potentially earn a 3.89% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in GREENMOUNT are low, as opposed to average gains per annum over the past five years.

GREENMOUNT, 6056 in WA belongs to the local government area of Mundaring.

Surburb overview

Greenmount is a suburb located approximately 22 kilometres east of Perth's central business district, within the Shire of Mundaring. It is a key access point to the Darling Scarp, with major routes such as Great Eastern Highway and Old York Road traversing Greenmount Hill. 

As of the 2016 Australian Census, Greenmount had a population of 2,687, reflecting an 8.6% increase from 2011. The median age of residents is 44, and households primarily comprise couples with children. A significant majority of homes are owner-occupied, indicating a stable community. 

The median house price in Greenmount is approximately $697,500, with an annual capital growth rate of 15.77%. Rental properties yield a median rent of $580 per week, offering a gross rental yield of 5.01%. Houses typically spend an average of 11 days on the market, reflecting strong demand in the area. 

Several Transperth bus routes connect Greenmount to Midland Station, a central transport hub. Routes 320, 321, and 328 serve Great Eastern Highway and Old York Road, while route 323 operates along Innamincka Road and Wooloomooloo Road. 

The suburb offers essential amenities, including Greenmount Primary School and St. Anthony's School, which cater to primary education needs. Midland's proximity provides residents access to shopping centres, healthcare facilities, and additional services.

Greenmount's location near the Darling Scarp offers residents access to natural attractions such as Greenmount National Park, providing hiking and nature observation opportunities. The area also features historical sites, including the Greenmount Quarry and Mountain Quarry, reflecting its quarrying past. 

Greenmount is ranked 148th out of 307 Perth suburbs in terms of property safety. Its burglary rate is 900.2 per 100,000 residents, higher than the Perth average of 574.6. 

Greenmount offers a blend of suburban and semi-rural living, with access to essential services, educational institutions, and recreational activities, making it a distinctive suburb within the Perth metropolitan area.

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