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Greenwood, WA 6024
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,130,000
market range $1.0M-$1.2M
Median Unit
$795,000
list-price estimate
Gross Yield (houses)
3.9%
1yr Growth (houses)
+23.4%
market range +10.0% to +27.5%
Investment snapshot for Greenwood
Greenwood has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Greenwood market and investor summary
Greenwood (WA 6024) runs a median house price of $1.1M, with houses yielding a gross 3.9%. House prices have moved +23.4% over the past year. At 0.4% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.9% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.4% and a resident base that is not shrinking.
Living in Greenwood: people, income and schools
Greenwood has a resident population of roughly 9,861, and the area has been growing steadily, up about 6% over five years. The median age is 40, skewed a little older, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $101,000 a year, or roughly $1,950 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.1 times local household income, so affordability is a genuine constraint on local buyers.
There are 58 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 15 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 60 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 9,861
- +6% over 5yr
- Median age
- 40 years
- Median household income
- $101,000/yr
- Households renting
- 14%
- Family households
- 77%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 58
- avg ICSEA 1053
- Unemployment
- 3.4%
- Distance to CBD
- 15 km
- Walk score
- 60/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Greenwood
View all →Frequently asked questions about Greenwood
What should I check before investing in Greenwood?
Greenwood has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +23.4% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Greenwood?
The median property price in Greenwood, WA 6024 is $1.1M for houses.
What rental yield does Greenwood show?
The gross rental yield in Greenwood is 3.9% for houses and 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Greenwood?
House prices in Greenwood are up 23.4% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Greenwood?
The current vacancy rate in Greenwood is 0.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Greenwood?
Greenwood has a population of approximately 9,861 residents, with a median age of 40.
What schools are near Greenwood?
There are 58 schools within roughly 5km of Greenwood. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Greenwood affordable to buy in?
A median house in Greenwood costs about 11.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Greenwood's population growing?
The population of Greenwood has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Greenwood from the CBD?
Greenwood is about 15 km from the CBD.
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