Suburb Profile Report for Joondalup WA (6027)

Joondalup House: Median price $510,000, Annual capital growth 1.56%, Number of sales 94, Weekly median advertised rent $395

Joondalup Unit: Median price $370,000, Annual capital growth 0.04%, Number of sales 57, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

YIP MAG Information supplied by:

YIP MAG
July 2015

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Home to one of the busiest shopping districts in Perth, Joondalup is a popular location for a wide range of demographicsFull summary Home to one of the busiest shopping districts in Perth, Joondalup is a popular location for a wide range of demographics.

It has its own CBD on Grand Boulevard and there are many townhouses and apartments around this part of the suburb.

Moreover, the redevelopment at Lakeside Joondalup Shopping City will make it the largest shopping centre in WA.

There is also the Joondalup Health Campus which is the main public hospital for Perth’s northern suburbs.

If residents do have the need to venture outside the suburb, getting to the Perth CBD is only about a 20 minute journey thanks to the train station or freeway.

As growth for units has only increased by 1% in the last 12 months and by 2% in the past five years, this suburb is overdue for a jump in values, particularly as
infrastructure is constantly improving.

There are stylish and modern two-bedroom apartments which are perfect for young professionals located on Grand Boulevard.Close
Metrics i HOUSE UNIT
$510,000 $370,000
-1.92% -1.33%
-5.90% -9.42%
1.56% 0.04%
$395 $360
94 57
4.03% 5.06%
73.92 112.28

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
Find a mortgage broker in Joondalup WA
Demographics
Total population 9197
Median household income ($/weekly) 1533
Median age of persons 33
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 926 10.1
    20-24 years 1231 13.4
    25-34 years 1464 15.9
    35-44 years 1217 13.2
    45-54 years 1363 14.8
    Others 2995 32.6
    Age Group
    Census Count Percent(%)
    Not Married 3018 45.1
    Registered Married 2962 44.3
    Defacto Relationship 712 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4300 49.9
    Papua New Guinea 352 4.1
    South Africa 306 3.6
    United Kingdom 1866 21.6
    Other 583 6.8
    Others 1212 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 157 1.9
    Christianity 5287 64.0
    Islam 150 1.8
    Other Religious Groups 97 1.2
    No Religion 2487 30.1
    Others 84 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 234 8.1
    $800-$999 250 8.7
    $1,500-$1,999 464 16.1
    $2,000-$2,499 327 11.3
    $2,500-$2,999 333 11.5
    Others 1278 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3149 43.3
    Not in the labour force 1920 26.4
    Employed, worked part-time 1620 22.3
    Unemployed, looking for work 312 4.3
    Employed, away from work 273 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 925 18.3
    Technicians & trades workers 891 17.7
    Community & personal service workers 629 12.5
    Clerical & administrative workers 798 15.8
    Sales 534 10.6
    Others 1265 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 112 4.7
    Infants/Primary 608 25.6
    Secondary 458 19.3
    Technical or Further Educational Institution 247 10.4
    University or other Tertiary Institutions 889 37.4
    Others 62 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5629 68.9
    Flat, unit or apartment 1395 17.1
    Semi-detached, row or terrace house, townhouse 1121 13.7
    House or flat attached to a shop, office 17 0.2
    Caravan, cabin, houseboat 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1410 44.2
    Being purchased 1122 35.2
    Fully owned 647 20.3
    Other tenure type 11 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals