WA has seen average median house prices change by -5.20% which means that Joondalup, 6027 has not done well for property investors by showing a capital gain of -5.90% over the last year
Over the longer term, Joondalup has seen property prices show investors a -7.61% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Joondalup should be aiming for at least -5.39% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.83 sales per month, which equates to 94 per year.
If you compare the increase in value of investment property in Joondalup, 6027 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -9.42%.
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.
Sellers are offering property buyers an average discount of -6.56% to buyers in Joondalup at the moment, which is less than average for the rest of WA.