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 -3.92%.
Joondalup,6027 was ranked 2814 in Australia by increase in median property value over the quarter.
Property buyers and investors in Joondalup 6027 should be seeing an average reduction in asking price of around -5.32% . This means that Joondalup is holding prices well when compared to other suburbs in WA.
Advertised rents are around the $410 mark per week – giving a return of 4.14% based on the median price in Suburb
Property investors who have had real estate in Joondalup, 6027 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.43%
Joondalup,6027 has offered an average of -8.43% return per annum in house price rises to property investors over the last three years.
Joondalup, 6027 is offering WA ‘s 78th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this WA.
On average over the past year, suburb has had 4.42 sales per month, which equates to 53 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 0.87%, investors should hope to achieve an overall return of 5.20%