Joondanna has had a very poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -19.62% to date .
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.
The most recent median price for Joondanna is $635000, with sellers offering an average of -7.84% off the asking price.
In the last year 65 properties changed hands in Joondanna, which puts it as the 183th most active market in WA when comparing the number of sales per suburb.
Joondanna is in the TOP 30% in WA when comparing median price capital growth over the last year. Joondanna gave property investors a good capital gain figure when compared to the rest of the state, with 4.88%.
Joondanna,6060 was ranked 1587 in Australia by increase in median property value over the quarter.
Vendor discounting in Joondanna is giving property investors an average Vendor Discount of around -5.64%. This puts suburb at number 88th in WA when ranking the most discounted suburbs.
Advertised rents are around the $300 mark per week – giving a return of 3.63% based on the median price in Suburb