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%