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 -4.72%.
Comparing Joondalup,6027 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Joondalup is offering property investors an average of -8.04. This rate of discount on properties puts Suburb at number 396th in terms of most discounted suburbs in WA
On average over the past year, suburb has had 7.67 sales per month, which equates to 92 per year.
Joondalup, 6027’s gross rental yield is 4.11%
Investment property in Joondalup has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.52%
When looking at the potential capital gains offered to property investors over the last 3 years, Joondalup comes in at number 66th in WA.
Property investors looking for a bargain in Joondalup should be aiming for at least -5.26% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $380 mark per week – giving a return of 5.20% based on the median price in Suburb