Suburb Profile Report for Joondalup WA (6027)

Joondalup House: Median price $527,500, Annual capital growth 3.16%, Number of sales 92, Weekly median advertised rent $410

Joondalup Unit: Median price $380,000, Annual capital growth 1.25%, Number of sales 57, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

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
HOUSE UNIT
$527,500 $380,000
0.76% -3.43%
-1.12% -8.43%
3.16% 1.25%
$410 $380
92 57
4.04% 5.20%
68.45 93.67

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