Suburb Profile Report for Joondanna WA (6060)

Joondanna House: Median price $637,500, Annual capital growth 1.44%, Number of sales 56, Weekly median advertised rent $400

Joondanna Unit: Median price $368,500, Annual capital growth 1.70%, Number of sales 42, Weekly median advertised rent $293

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

Source: CoreLogic

  • House Report
  • Unit Report

Joondanna, 6060 ranked 224th in WA when comparing growth in median property values or capital gain over the last 12 months. Joondanna is one of 1662 in our list for WA

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Joondanna has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Joondanna should be aiming for at least -6.91% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Joondanna being $637500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.26%

At number 1682th in the list of Australian suburbs ordered by increase in median house value over the last year, Joondanna, 6060 is in the BOTTOM 10% with a property value increase of -20.50% recorded in median house prices.

Joondanna,6060 has offered an average of -20.50% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Joondanna, 6060. Typically our figures indicate that -8.19% is being offered, which puts this WA suburb at 160th most discounted overall in Australia.

Advertised rents are around the $292.5 mark per week – giving a return of 4.13% based on the median price in Suburb

Metrics i HOUSE UNIT
$637,500 $368,500
1.19% -7.88%
-3.77% -20.50%
1.44% 1.70%
$400 $293
56 42
3.26% 4.13%
98.26 71.59

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 4568
Median household income ($/weekly) 1262
Median age of persons 36
Median housing loan repayment ($/monthly) 1950
Average household size 2
  • Census Count Percent(%)
    20-24 years 368 8.1
    25-34 years 1122 24.6
    35-44 years 749 16.4
    45-54 years 529 11.6
    55-64 years 409 9.0
    Others 1389 30.4
    Age Group
    Census Count Percent(%)
    Not Married 1761 51.0
    Registered Married 1199 34.7
    Defacto Relationship 494 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2489 60.1
    Indonesia 135 3.3
    Japan 124 3.0
    United Kingdom 325 7.9
    Other 331 8.0
    Others 735 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 161 4.0
    Christianity 2490 62.0
    Hinduism 94 2.3
    Islam 108 2.7
    No Religion 1100 27.4
    Others 61 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 197 10.3
    $1,000-$1,249 203 10.6
    $1,250-$1,499 157 8.2
    $1,500-$1,999 235 12.3
    $2,500-$2,999 195 10.2
    Others 926 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1704 46.6
    Not in the labour force 1050 28.7
    Employed, worked part-time 651 17.8
    Employed, away from work 147 4.0
    Unemployed, looking for work 107 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 271 10.8
    Professionals 725 29.0
    Technicians & trades workers 327 13.1
    Community & personal service workers 238 9.5
    Clerical & administrative workers 404 16.2
    Others 535 21.4
    Occupation
    Census Count Percent(%)
    Pre-school 38 4.9
    Infants/Primary 174 22.6
    Secondary 113 14.7
    Technical or Further Educational Institution 112 14.5
    University or other Tertiary Institutions 301 39.1
    Others 32 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1741 43.3
    Semi-detached, row or terrace house, townhouse 1653 41.1
    Flat, unit or apartment 630 15.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 891 44.2
    Being purchased 635 31.5
    Fully owned 470 23.3
    Other tenure type 20 1.0
    Tenure Type
Census 2011, ABS
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