Property value increases in Joondanna have tracked lower than the WA average of -4.99% over the last 12 months.
Across a shorter period, Joondanna, 6060 has seen a median price increase of -3.73% over the last quarter.
Sellers are offering property buyers an average discount of -7.97% to buyers in Joondanna at the moment, which is less than average for the rest of WA.
Often selling an investment property can take time, and in Joondanna the average time real estate has been on the market is 81.66 days.
A $422.5 per week rent on the median house gives suburb investors a gross yield of circa 3.41%, without taking into account capital value appreciation, which has been averaging out at 4.98%.
At number 392th in the list of Australian suburbs ordered by increase in median house value over the last year, Joondanna, 6060 is in the top 30% with a property value increase of 9.90% recorded in median house prices.
The five-year average increase in median property values for Joondanna,6060 has given property investors a potential capital gain of 31.88% across each of those five years.
Joondanna, 6060 is offering WA ‘s 90th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this WA.
Joondanna, 6060’s gross rental yield is 3.54%