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Greenfields

POSTAL CODE: WA, 6210
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Based on its average 5-year and quarterly capital gains GREENFIELDS, 6210 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that GREENFIELDS, 6210 obtained a 7.52% growth over a ten-year period. It ranks 1591st on our list of suburbs that property investors should look into.

GREENFIELDS, 6210 in WA belongs to the local government area of Mandurah.

GREENFIELDS, 6210 has a capital gain of 5.93% for the past year, which is lower than average compared to its 131.48% growth within a five-year period.

With the median home price in GREENFIELDS sitting at $625,000, and the average rent at $580, property owners could potentially earn a 4.83% increase in gross rental yield.

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

Surburb overview

Based near the Peel-Harvey Estuary, known for its abundant wildlife and migratory birds, this suburb lies in the southwest coastal region of Mandurah in Western Australia. Located alongside the scenic Peel Inlet and Goegrup Lake Nature Reserve, Greenfields provides easy access to the beach, fishing spots, and water sports, which is a drawcard for potential tenants.

Noted for providing the quintessential suburban lifestyle for its residents, Greenfields is currently experiencing significant development, with new housing estates and commercial developments popping up throughout this quaint coastal municipality to cater for its growing demand.

According to the 2021 Census, approximately 9,869 people call the area home, with 4,628 dwellings currently existing to accommodate this population. The region’s proximity to Mandurah’s city centre is an added bonus and indicative of potential future growth. Property prices in Greenfields are likely to appreciate over time, providing investors with a potential source of long-term capital growth.

In the 12 months to January 2023, property prices in the region soared 14.1 per cent, far exceeding the normal average growth of 2.6 per cent and median quarterly growth of 1.4 per cent.

During that same period, 321 properties were sold, with the region’s median price being approximately $365,000. Gross rental yields in Greenfields are around 6.4 per cent, while landlords could collect median rents of around $450.

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