Property investors who have had real estate in Joondanna, 6060 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -12.82%
When looking at the potential capital gains offered to property investors over the last 3 years, Joondanna comes in at number 124th in WA.
Joondanna6060 is located in WA which offers an average discount of -8.04% to property investors. Joondanna itself is showing figures that indicate -7.66% is the average achievable by property buyers investing in the suburb.
At number 2191 in a list of fastest selling suburbs, Joondanna is just in the bottom half of suburbs in Australia with an average of days on market 87.09 for properties listed there.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.44%, without taking into account capital value appreciation, which has been averaging out at 5.91%.
Joondanna, 6060 ranked 24th 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
A 19.13% growth in median value for property investors in Joondanna,6060 puts this suburb at number 21th in terms of best performing suburbs in WA
LACK OF BUYER INTEREST may well be the reason that Joondanna is offering property investors an average of -7.52. This rate of discount on properties puts Suburb at number 91th in terms of most discounted suburbs in WA
Often selling an investment property can take time, and in Joondanna the average time real estate has been on the market is 66.54 days.
Joondanna is 85th on a list of best yielding suburbs for rents in WA with a 4.02% return