Giving property investors a an unimpressive capital gain of -1.12% for the last year, Joondalup, 6027 is the 3042th highest performer in Australia in this respect.
Across a shorter period, Joondalup, 6027 has seen a median price increase of 0.76% over the last quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Joondalup itself are offering an average vendor discount of -5.12% to real estate investors.
At number 1381 in a list of fastest selling suburbs, Joondalup is in the TOP 40% of suburbs in Australia with an average of days on market 68.45 for properties listed there.
With the median price for a house in Joondalup being $527500 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 4.04%
Joondalup, 6027 ranked 74th in WA when comparing growth in median property values or capital gain over the last 12 months. Joondalup is one of 1662 in our list for WA
If we look at median property appreciation over just the last three months, Joondalup has given property investors a paper return of -3.43%. This puts Suburb as 76 on a list of fastest fasting appreciating suburbs in WA
Property investors looking for a bargain in Joondalup should be aiming for at least -5.78% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1047 in a list of fastest selling suburbs, Joondalup is in the bottom 30% of suburbs in Australia with an average of days on market 93.67 for properties listed there.
Property investors should expect to get $380 weekly from the median priced house in this suburb.