Greenwood, a suburb in the City of Joondalup, Western Australia, presents a dynamic housing market characterized by a mix of established family homes and increasingly popular renovated properties. Over recent years, the area has experienced a consistent demand for housing, driven by its attractive blend of suburban tranquility and accessibility to Perth's city center. Real estate in Greenwood often features spacious plots and homes that appeal to families seeking value for money in terms of space and community lifestyle. The suburb’s housing market shows resilience, partially due to its location near essential amenities, including schools, shopping centers like the Greenwood Village Shopping Centre, and convenient public transport links like the nearby Greenwood Train Station. As a suburb, Greenwood combines the charm of matured leafy streets with the emerging developments that promise to enhance its long-term investment appeal.
Living in Greenwood offers residents a sense of community and relaxed lifestyle, making it an appealing choice for families and professionals alike. The suburb provides a good balance of work and leisure opportunities, with plenty of parks and recreational facilities such as Penistone Park and Blackall Reserve, catering to outdoor enthusiasts and families with children. Community activities and local events foster a strong sense of belonging, and the suburb's community spirit is evident in its well-supported local schools and sports clubs. Greenwood’s proximity to Perth’s central business district ensures that residents can enjoy a rural living feel without sacrificing urban conveniences. Moreover, its closeness to the coast, with destinations like Hillarys Boat Harbour just a short drive away, adds to the lifestyle perks. Residents appreciate the calm, friendly atmosphere, making Greenwood not just a place to live, but a community to belong to.
Median Weekly Rent | $389.94 |
Median Monthly Mortgage | $1970.58 |
Median Persons Per bed houseroom | 0.70 |
Average Household Size | 2.89 |
Average Age | 41.39 |
Average Income | $860.14 |
Average Cars Per Dwelling | 2.00 |
Average Properties Within 50M | 9 |
Typical 1 bed house | $727,000 |
Typical 2 bed house | $679,000 |
Typical 3 bed house | $718,000 |
Typical 4 bed house | $854,000 |
Typical 5 bed house | $874,000 |
Typical 6 bed+ house | $911,000 |
Housing Stock
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Thinking about buying in Greenwood? Now could not be a better time, with 4507 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $765,000 with prices in this suburb ranging from $304,000 to $2,030,000. Greenwood is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
In Greenwood there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Greenwood is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Greenwood changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Greenwood to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Greenwood we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Greenwood a better buying opportunity than it may have been in the past.
Instant Property ValuationWest Greenwood Primary School
Greenwood College
Greenwood Primary School
Liwara Catholic Primary School
St Stephen's School
Hawker Park Primary School
Glengarry Primary School
Warwick Senior High School
Marangaroo Primary School
Dalmain Primary School
(While the above schools are located with the suburb of Greenwood there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 3.5 | 18.4 | 31.4 | 40.0 | 90.2 | 5.3 | 24.3 |
Feb | 2.4 | 17.6 | 30.4 | 41.2 | 90.2 | 5.2 | 22.3 |
Mar | 2.8 | 16.4 | 28.1 | 47.4 | 93.5 | 4.6 | 19.5 |
Apr | 0.7 | 12.0 | 26.5 | 40.0 | 93.9 | 3.9 | 18.1 |
May | 1.2 | 6.4 | 21.8 | 42.3 | 95.1 | 3.6 | 14.2 |
Jun | 1.2 | 4.8 | 19.4 | 47.1 | 95.8 | 3.7 | 12.0 |
Jul | 0.7 | 3.5 | 19.6 | 40.9 | 94.5 | 3.7 | 13.4 |
Aug | 0.7 | 3.6 | 21.7 | 31.0 | 89.2 | 4 | 16.4 |
Sept | 0.8 | 7.6 | 24.6 | 31.0 | 91.3 | 4.4 | 20.3 |
Oct | 1.6 | 11.0 | 27.0 | 32.5 | 89.6 | 4.8 | 24.2 |
Nov | 1.3 | 14.8 | 29.9 | 32.3 | 89.1 | 5.0 | 27.6 |
Dec | 2.1 | 17.6 | 31.6 | 34.4 | 88.3 | 5.1 | 25.9 |
source: Australian Government Bureau of Meteorology
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