Suburb Profile Report for Joondanna WA (6060)

Joondanna House: Median price $640,000, Annual capital growth 3.15%, Number of sales 65, Weekly median advertised rent $423

Joondanna Unit: Median price $413,000, Annual capital growth 3.24%, Number of sales 38, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

WA has seen average median house prices change by -4.46% which means that Joondanna, 6060 has not done well for property investors by showing a capital gain of -17.42% over the last year

Across a shorter period, Joondanna, 6060 has seen a median price increase of 0.00% over the last quarter.

Property buyers and investors in Joondanna 6060 should be seeing an average reduction in asking price of around -7.81% . This means that Joondanna is holding prices well when compared to other suburbs in WA.

Property investors should expect to get $422.5 weekly from the median priced house in this suburb.

Property investors who have had real estate in Joondanna, 6060 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%

While Joondanna,6060 ranked number 98th in WA for increase in median house value (annualised) increase, it is ranked 9th over the last 5 years.

Property investors looking for a bargain in Joondanna should be aiming for at least -6.06% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Joondanna the average time real estate has been on the market is 53.02 days.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.24%, investors should hope to achieve an overall return of 3.78%

Metrics i HOUSE UNIT
$640,000 $413,000
0.00% -7.71%
-17.42% 0.00%
3.15% 3.24%
$423 $300
65 38
3.43% 3.78%
82.77 53.02

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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