10 Queenscliff Rise, Greenfields WA 6210
10 Queenscliff Rise, Greenfields WA 6210
Larger-block family setting | Greenfields demand | Recent price momentum | Potential R2 zoning | Buyer-owner focus
The property is positioned within a family-oriented suburb that has shown robust buyer interest and housing turnover. A competitive edge is provided by its likely larger lot configuration, which offers space for outdoor amenities and possible future subdivision subject to local planning rules. The house is particularly suited to owner-occupiers who value land content and room to grow, while investors may be served by steady rental demand supported by the suburb’s access to services and schools.
The property’s final value may be shaped by the precise land size and the condition of the existing dwelling. Positive market conditions have been observed, but rising inventory could give buyers more negotiating power. Development potential may be influenced by zoning and any overlays, and the internal layout’s practicality will be considered by a wide range of households.
>> Comparable Sales: A 3-bedroom home on 2616m² sold for $1.43M; another similar-lot 4-bedroom sold for $1.11M | Property Price Band: $1.2M–$1.3M | Value Drivers: Land size, dwelling condition, layout flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Queenscliff Rise, Greenfields WA 6210
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✕
2
Execution Risk
!
1
Market Insight
Greenfields, a residential suburb in the City of Mandurah, is centred on communities like Country Roads, Norfolk Gardens, Riverside Gardens and Central Park. Demand is driven by owner-occupiers, and houses sell 31.1% faster than Mandurah’s average. Median house price is $615,000 with 4.59% annual growth, though other data range from $600,000–$650,000 and up to 14.3% growth. Houses sit on the market just 13 days. Units rose 15.38% to $525,000 but only four sold, underscoring a thin market. House rental yield is 4.66%, with median weekly rents of $580 for houses and $520 for units. The suburb’s 1980s-era development and distinct communities anchor demand, but inconsistent data across sources-particularly for units-and no vacancy or supply figures leave key risks unquantified.
PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
4
Land
2152m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst