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Greenfields suburb profile

Greenfields is a suburb located in the city of Mandurah, Western Australia, known for its family-friendly atmosphere and natural surroundings. Situated approximately 70km south of Perth, it offers a peaceful residential environment with a mix of modern homes and established properties. The suburb is well-serviced by local amenities, including schools, shopping centers, and medical facilities, making it a convenient choice for families. Greenfields is also close to the Serpentine River, providing opportunities for outdoor activities and nature exploration. Its blend of suburban comfort and access to natural beauty makes Greenfields an appealing place to live.

Greenfields property market performance

Current median dwelling price$590,000Past 3 months

Property growth+6.8%Past 12 months

Greenfields has experienced a positive trend in its property market over the past 12 months, with house values increasing by 4.5%. The current median house price stands at $670,000. However, the unit market appears to be inactive, with no median price or sales recorded, despite a reported 9.2% change in unit value.

Sales activity for houses has been robust, with 48 houses sold over the last 12 months. Houses are selling quickly, with a median of just 13 days on the market, indicating strong demand. In contrast, the unit market shows no activity, with no units sold or days on market recorded.

The rental market for houses in Greenfields has seen a moderate increase, with average rent rising by 5.5% to $580 over the past 12 months. The unit rental market remains inactive, with no change in rent or recorded activity.

HousesUnits
Median price
Past 3 months
$670KN/A
Change in value
Past 12 months
4.5%9.2%
Sold
Past 3 months
485
Median days on market
Past 12 months
13N/A
Average rent
Past 12 months
$580N/A
Change in rent
Past 12 months
5.5%N/A

5 year median price trend for houses and units

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Greenfields demographics

Greenfields, located in the Mandurah region of Western Australia, is a suburb that offers a serene lifestyle with a strong sense of community. With a population of 9,869 and a median age of 47, it is a suburb that appeals to families and retirees alike. The area is characterized by its spacious homes and green spaces, making it an attractive option for those seeking a quieter, more relaxed environment away from the hustle and bustle of city life.

The suburb's housing market is predominantly owner-occupied, with 35% of properties owned outright and 38.3% owned with a mortgage. This indicates a stable community with long-term residents who have invested in the area. The rental market, comprising 26.7% of properties, provides opportunities for those looking for more flexible living arrangements, although the majority of residents prefer the security of home ownership.

Family dynamics in Greenfields are diverse, with 32% of households being couple families with children and 44.3% being couple families without children. One-parent families make up 21.9% of the community, reflecting a supportive environment for various family structures. The median total household income of $1,004 per week suggests a modest but comfortable living standard, aligning with the suburb's appeal to both working families and retirees seeking affordability and tranquility.

Greenfields infrastructure, key developments and investment opportunities

Greenfields is experiencing significant developments that could impact its property market. The suburb is set to benefit from the $350 million Mandurah Forum redevelopment, which has expanded retail offerings and created new job opportunities in the area. Additionally, the recent completion of the Mandurah Traffic Bridge has improved connectivity to the city center, potentially increasing the suburb's appeal to commuters and families.

The ongoing expansion of the Peel Health Campus, including a new mental health unit and emergency department upgrades, is enhancing local healthcare services. Greenfields' proximity to several schools, including the Frederick Irwin Anglican School, continues to attract families to the area. These developments, combined with the suburb's affordable housing options and access to parks and recreational facilities, are likely to sustain demand for properties in Greenfields.

Greenfields rental market trends

The rental market in Greenfields has experienced moderate growth, with house rents increasing by 5.5% over the past year to $580 per week. However, unit rents have remained unchanged, reflecting a lack of available data or demand in this segment. Greenfields continues to offer opportunities for investors focusing on the housing market, with steady demand and potential for future growth.

Suburbs near Greenfields

Some popular suburbs near Greenfields include:

How does Greenfields compare to nearby suburbs?

  • Median house prices: Greenfields’s median house price is 5.5% higher than Mandurah’s.
  • Median unit prices: Greenfields’s median unit price is 18.6% higher than Mandurah’s.
  • House price growth: Property prices in nearby Mandurah have risen 12.3% more than in Greenfields over the past year.
  • Unit price growth: Property prices in nearby Mandurah have risen 5.1% more than in Greenfields over the past year.
  • Selling speed for houses: Properties in Greenfields are selling 31.6% faster than in Mandurah.

Common questions about Greenfields

  • Is Greenfields a nice place to live?

    Greenfields is a delightful suburb that offers a serene and family-friendly environment, making it a wonderful place to call home. Nestled in the Mandurah region, Greenfields is characterized by its peaceful residential vibe, with a mix of modern and established homes set amidst lush greenery. The suburb is known for its strong sense of community, which is particularly appealing to families and retirees seeking a tranquil lifestyle away from the hustle and bustle of city life.

    Residents of Greenfields enjoy convenient access to a range of amenities, including shopping centers, schools, and medical facilities, ensuring that daily needs are easily met. The suburb's proximity to the Serpentine River provides ample opportunities for outdoor activities and nature exploration, adding to its charm. While Greenfields offers a peaceful lifestyle, it is not without its trade-offs. The suburb is located approximately 70km south of Perth, which may mean a longer commute for those working in the city. However, recent infrastructure developments, such as the Mandurah Traffic Bridge, have improved connectivity, making it more accessible for commuters.

    For families, Greenfields is an attractive option due to its spacious homes, green spaces, and the presence of reputable schools like Frederick Irwin Anglican School. The suburb's community-oriented atmosphere and diverse family dynamics create a supportive environment for various family structures. While Greenfields may not have the nightlife and entertainment options of a bustling city, it compensates with its peaceful ambiance and close-knit community. Overall, Greenfields offers a balanced lifestyle with suburban comfort, natural beauty, and a welcoming community, making it a lovely place to live for those who value tranquility and family-friendly living.

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  • Is it expensive to live in Greenfields?

    Living in Greenfields can be considered relatively affordable compared to other suburbs in the region. The median house price is currently $607,500, which is more accessible than many other areas. For those looking at units, the median price is even lower at $210,000, making it an attractive option for first-time buyers or those on a tighter budget. Renting is also fairly reasonable, with houses averaging $550 per week and units around $500 per week.

    When comparing the average wage in Greenfields, which is approximately $62,000 per year, to the median total household income weekly of $1,004, it suggests that the cost of living aligns fairly well with the local earnings. This is particularly relevant when considering the broader context of Western Australia's average wages. While housing costs are a significant expense, they are not excessively high relative to the average income in the area.

    Overall, Greenfields offers a more budget-friendly living environment without compromising on lifestyle. If you are thinking of living in Greenfields, it presents a balanced option with affordable housing and rental prices, making it a viable choice for many individuals and families.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Greenfields a good place to invest?

    Greenfields is showing promising signs as a potential investment hotspot, with impressive growth in both house and unit values over the past year. The suburb has experienced a remarkable 33.7% increase in median house values and an even more substantial 40.6% rise in unit values. This suggests a strong demand for properties in the area, which is a positive indicator for investors looking for capital growth opportunities.

    In addition to the rising property values, rental yields in Greenfields have also seen a healthy increase. House rents have gone up by 10%, while unit rents have risen by 11.1% over the last 12 months. This trend indicates a robust rental market, making Greenfields an attractive option for investors seeking reliable rental income alongside property appreciation.

    Overall, Greenfields presents a compelling case for investment, with its strong growth in property values and rental returns. The suburb's performance over the past year suggests it could be a solid choice for those looking to invest in a market with both capital growth potential and steady rental demand.

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Choose the right real estate agents in Greenfields

Choosing the right real estate agent in Greenfields can have a big impact on your sale. While there are 102 real estate agents working in the suburb, but just 5 of them were responsible for 23.5% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.75% to 3.09%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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