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Greenwood is a delightful suburb that offers a charming blend of suburban tranquility and convenience, making it a wonderful place to call home. Known for its peaceful, family-friendly atmosphere, Greenwood is a haven for those seeking a balanced lifestyle. The suburb is characterized by its lush green spaces and well-maintained parks, which provide ample opportunities for outdoor activities and relaxation. This makes it particularly appealing to families who value a safe and nurturing environment for their children.

The community vibe in Greenwood is warm and welcoming, with a strong sense of togetherness among residents. The suburb is well-equipped with essential amenities, including shopping centers, schools, and healthcare facilities, ensuring that all your daily needs are met without having to venture far. The presence of cafes and local eateries adds to the suburb's charm, offering residents a chance to enjoy leisurely weekends close to home.

For families, Greenwood is an ideal choice, thanks to its excellent educational facilities and abundance of recreational options. The suburb's connectivity is another highlight, with reliable public transport and major roads providing easy access to Perth CBD and other key areas. This makes commuting a breeze for professionals working in the city.

However, living in Greenwood does come with a few trade-offs. While the suburb offers a serene lifestyle, it may not have the bustling nightlife or cultural attractions found in more urban areas. Additionally, the lack of recent infrastructure developments means that residents may need to travel to nearby suburbs for certain amenities or entertainment options. Despite these minor drawbacks, Greenwood remains a highly desirable suburb for those who prioritize a peaceful, community-oriented lifestyle.

Living in Greenwood can be considered somewhat expensive, especially when you look at the housing market. The median house price is currently $975,000, which is quite a significant investment. Renting isn't exactly cheap either, with the average rent for houses sitting at $728 per week and units at $650 per week. This reflects the suburb's appeal and the demand for housing in the area.

When comparing the average wage in Greenwood, which is around $95,000 per year, to the median total household income of $1,949 per week, it becomes clear that a substantial portion of income would need to be allocated to housing costs. This can make living in Greenwood a stretch for those earning an average salary, especially when considering other living expenses.

While Greenwood offers a great lifestyle with its amenities and community feel, it's important to weigh the cost of living, particularly housing, before deciding to move there. If you're thinking of living in Greenwood, it's wise to carefully consider your financial situation to ensure it aligns with the costs associated with this desirable suburb.

Greenwood is showing promising signs as a potential investment hotspot. Over the past 12 months, the suburb has experienced a significant increase in property values, with median house values rising by 11.6% and unit values surging by an impressive 24.8%. This upward trend indicates strong demand and a healthy real estate market, making it an attractive option for investors looking for capital growth.

In terms of rental returns, Greenwood also presents a compelling case. House rents have increased by 12.0% over the past year, suggesting a robust rental market and the potential for steady rental income. While unit rents have remained stable, the substantial increase in unit values suggests growing interest and demand, which could translate into future rental growth.

Overall, Greenwood offers a balanced mix of capital appreciation and rental income potential. Its recent performance in both property values and house rents highlights its appeal to both investors and renters. With its strong growth trajectory and stable rental market, Greenwood stands out as a promising suburb for those looking to invest in real estate.