Greenwood WA

Postcode 6024 · Joondalup LGA

Greenwood is a mid-sized suburb in Western Australia within the Joondalup local government area (postcode 6024). With a population of 9,861, the suburb has an established demographic with a median age of 40. Households earn a median income of $101K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Irish.

The median house price in Greenwood is $790,000, having surged 21.4% over the past year. Units have a median price of $550,000 (+15.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,972.

Greenwood is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 45 bus stops.

From an investment perspective, Greenwood offers a gross rental yield of 4.3%, rated as moderate yield. Property prices are near the state median ($790K/$951K). The price-to-income ratio of 7.8x is considered moderate. House prices have moved +21.4% year-on-year.

INVESTMENT SIGNALS
Rental Yield4.3% Moderate Yield
Price vs State$790K/$951K Near Median
Affordability7.8x Moderate
Price Momentum+21.4% Rising
INCOME (ATO 2022-23)
Median Income$63,041
Mean Income$74,191
Earners9,654
YoY Change+7.5%
SEIFA INDEX (ABS)
Advantage8/10
Education7/10
Economic8/10
Disadvantage8/10
MEDIAN HOUSE
$790K
21.4% YoY
MEDIAN UNIT
$550K
15.2% YoY
MEDIAN RENT /WK
$390
POPULATION
9,861
DEMOGRAPHICS
Median Age40
Household Size2.6
HH Income /wk$1,949
Personal Income /wk$876
Mortgage /mth$1,972
TRANSPORT
Bus Stops45
SCHOOLS (4)
Avg ICSEA1048
Total Students2,056
Government3
Catholic1
Greenwood CollegeSecondary · Government · ICSEA 1038
Liwara Catholic Primary SchoolPrimary · Catholic · ICSEA 1092
West Greenwood Primary SchoolPrimary · Government · ICSEA 1051
Greenwood Primary SchoolPrimary · Government · ICSEA 1013
Data: 2024