Greenwood vs Leschenault
Property investment comparison - Greenwood, WA 6024 vs Leschenault, WA 6233
Head-to-head across core investment metrics: Greenwood wins 3, Leschenault wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Greenwood | Leschenault |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | $205K |
| Gross rental yield (houses) | 3.90% | 3.60% |
| Gross rental yield (units) | 4.60% | 8.31% |
| 1-year house growth | +23.4%estimate | +19.6%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.4% | 1.4% |
| Population | 9,861 | 3,058 |
Greenwood vs Leschenault: what the numbers say
The median house price is $1.1M in Greenwood and $1.1M in Leschenault, so Leschenault is the cheaper entry point, with Greenwood houses about 2% dearer.
On cash flow, Greenwood leads: houses there return a gross rental yield of 3.90%, compared with 3.60% in Leschenault, a gap of 0.30 percentage points.
Over the past year house prices moved +23.4% in Greenwood (an estimate) and +19.6% in Leschenault (an estimate), so recent momentum favours Greenwood, although both suburbs recorded growth.
Rental vacancy is 0.4% in Greenwood and 1.4% in Leschenault, so landlords in Greenwood face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Greenwood is the bigger suburb, with a population of 9,861 against 3,058, roughly 3.2 times the size of Leschenault; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Greenwood for rental income, Leschenault for a lower purchase price, Greenwood for recent price momentum, Greenwood for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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