With a capital gain of -18.47% for the last 12 months, Joondanna, 6060 has performed for property investments than its average annual 4.96% property growth over the last 5 years.
Over the longer term, Joondanna has seen property prices show investors a -3.03% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Joondanna is $640000, with sellers offering an average of -8.47% off the asking price.
Often selling an investment property can take time, and in Joondanna the average time real estate has been on the market is 83.34 days.
Property investors should expect to get $422.5 weekly from the median priced house in this suburb.
Investment property in Joondanna has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.71%
If we look at median property appreciation over just the last three months, Joondanna has given property investors a paper return of -5.30%. This puts Suburb as 85 on a list of fastest fasting appreciating suburbs in WA
Property investors looking for a bargain in Joondanna should be aiming for at least -5.99% 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 $437500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 3.68%