Giving property investors a a poor capital gain of -5.72% for the last year, Joondalup, 6027 is the 3610th highest performer in Australia in this respect.
While Joondalup,6027 ranked number 143th in WA for increase in median house value (annualised) increase, it is ranked 217th over the last 5 years.
Vendor discounting in Joondalup is giving property investors an average Vendor Discount of around -5.42%. This puts suburb at number 391th in WA when ranking the most discounted suburbs.
Situated 26.42km from the CBD, Joondalup is one of Joondalup localities in the postcode 6027.
WA has seen average median house prices change by -5.10% which means that Joondalup, 6027 has not done well for property investors by showing a capital gain of -7.49% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Joondalup has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Joondalup should be aiming for at least -8.75% off the asking price, which is the average vendor discount being achieved at the moment.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.06%, without taking into account capital value appreciation, which has been averaging out at -0.22%.