Property value increases in Jolimont have tracked higher than the WA average of -4.63% over the last 12 months.
The five-year average increase in median property values for Jolimont,6014 has given property investors a potential capital gain of 16.28% across each of those five years.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 3.88%, investors should hope to achieve an overall return of 3.64%
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Value slips in Perth suburb
Median unit price: $345,000
Three-year growth: -11.5%
Rental yield: 4.3%
A small suburb within Subiaco City, Jolimont’s apartment market struggles with continuously falling prices. This has been Jolimont’s status for the past five years, and the trend does not appear to be letting up.
Nonetheless, vacancy rates in this suburb freefell form 4.8% to just 1.8% as of the end of September 2017. Affordability could be a factor as the median unit value comes in at $345,000.
Accessibility could contribute as well, since Jolimont is served by the Daglish train station and the buses that stop at Cambridge St and Selby St. By car, the Perth CBD is only roughly 15 minutes away.
Jolimont is dominated by parks and sports facilities, including the Matthews Netball Centre and a hockey centre. There is also a primary school in the area.