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Suburb Insights ยท WA 6024

Greenwood 6024, Western Australia

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Greenwood is a well-established middle-ring suburb of Perth, Australia, with a population of approximately 9,861, making it a smaller community. Located approximately 15 km from the Perth CBD, Greenwood is a middle ring area in Western Australia. The median household income is $101,348 AUD per year (ABS 2021 Census).

Investment Score

73 / 100 Good

Greenwood benefits from a high-income resident base, supporting premium property pricing. Its proximity to the CBD adds a strong location premium.

Location

Map shows Greenwood, Western Australia, Australia.

Key Indicators

Postcode
6024

Official Australia Post postcode for Greenwood. A postcode may cover multiple suburbs.

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Population
9,861

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$390/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$101,348/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
15 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
2

Estimated 2 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
4

Estimated 4 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,972/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
88% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Greenwood's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $390/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,972/month. A median household income of $101,348/year supports premium property values and indicates a well-employed resident base. 88% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Greenwood is a natural candidate for patient investors.

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Rental Yield

Rental yields in Greenwood are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

The resale market in Greenwood may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Greenwood property

Full Property Analysis

30-year projections for Greenwood

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Greenwood is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. The rental market in Greenwood should see steady occupancy, with moderate upward pressure on rents. Overall, investor sentiment toward Greenwood is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Greenwood a good suburb for investment?

Greenwood is a middle ring area in Western Australia with a population of 9,861. The median rent is $390/week and the median household income is $101,348/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Greenwood?

Key demand drivers in Greenwood include established amenities and transport access. 88% of dwellings are separate houses. The area has approximately 2 schools and 4 parks nearby.

What is the population of Greenwood?

According to the ABS 2021 Census, Greenwood has a population of approximately 9,861. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Greenwood from the Perth CBD?

Greenwood is approximately 15 km straight-line distance from the Perth CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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