Get a property report and suburb profile for any property in Greenwood

Greenwood is a quiet, established suburb in Perth’s northern suburbs with tree-lined streets and predominantly single-storey brick-and-tile homes from the mid to late 20th century. There has been some infill and modern townhouse development, but much of the area retains a settled suburban character and established gardens. The population of 9,861 and a median age of 40 sit alongside a high rate of owner-occupation, and couple families make up the large majority of households, so the suburb tends to appeal to families and to commuters.

Everyday needs are covered by local parks, sporting ovals and a small shopping centre, while Greenwood Station on the Joondalup line provides reliable public transport and nearby arterial roads give easy access to the city and coastal precincts. A planned METRONET multi-storey car park at the station will add drop-off facilities and more ACROD bays, there have been temporary car-park disruptions while rail works proceed, and recent upgrades have refreshed the Scout Hall and community rooms. Whether Greenwood suits you comes down to what you value in a suburb.

Houses in Greenwood sit at a current median price of $1,100,000, which is about 10.9 times a typical local household's annual income at the last Census. The average house rent of $785 a week would take roughly 40.2% of a typical local household's weekly income at the last Census, a large share. On these figures, buying a house is well above what households locally earned at the last Census, and renting a house would also use a large portion of that Census income; if you're renting rather than buying, the rent share is the figure that matters for you.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months house values in Greenwood climbed 25.0%, a strong rise in what houses are worth. House rents rose 12.1% over the same period, also a strong increase in rental income, and the price gain outpaced the rent gain so capital growth for houses exceeded rental growth this year. Whether that pattern suits you depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.