Greenfields is a moderately sized suburb in Western Australia within the Mandurah local government area (postcode 6210). With a population of 9,869, the suburb has an older-leaning population with a median age of 47. Households earn a median income of $52K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.4% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Greenfields is $510,000, having climbed sharply by 27.5% over the past year. Units have a median price of $410,000 (+35.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 5.9%. The median monthly mortgage repayment is $1,387.
Greenfields is served by 4 schools, including 2 primary, 1 combined, 1 special. The average ICSEA score is 972, which is around the national average of 1,000. Public transport access includes 60 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Gross rental yield sits at around 5.9% (high yield). Property prices sit below the state median ($510K/$951K), which can point to relative value. The price-to-income ratio of 9.8x is considered moderate. House prices have moved +27.5% year-on-year. Population growth of +3.4% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.