Suburb Profile Report for Jolimont WA (6014)

Jolimont House: Median price $1,350,000, Annual capital growth 12.97%, Number of sales 11, Weekly median advertised rent $533

Jolimont Unit: Median price $425,000, Annual capital growth 2.44%, Number of sales 15, Weekly median advertised rent $308

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Jolimont has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 12.97% to date .

In the last year 11 properties changed hands in Jolimont, which puts it as the 448th most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Jolimont being $1350000 and the advertised rent reaching $532.5 the gross rental yield for property investors calculates out to be 2.05%

Over the last year, property investments in Jolimont, 6014 have given investors a capital gain of 19.72%. This compares very favourably with the -7.26% for WA as a whole.

The five-year average increase in median property values for Jolimont,6014 has given property investors a potential capital gain of 8.97% across each of those five years.

Information supplied by:


December 2017

M
O

W
E

Value slips in Perth suburb

Postcode: 6014

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.

Metrics i HOUSE UNIT
$1,350,000 $425,000
N/A -12.82%
12.97% 19.72%
12.97% 2.44%
$533 $308
11 15
2.05% 3.76%
N/A 75.1

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1200
Median household income ($/weekly) 998
Median age of persons 46
Median housing loan repayment ($/monthly) 1975
Average household size 1.7
  • Census Count Percent(%)
    25-34 years 188 15.7
    35-44 years 128 10.7
    55-64 years 115 9.6
    65-74 years 159 13.2
    75-84 years 187 15.6
    Others 424 35.3
    Age Group
    Census Count Percent(%)
    Not Married 526 53.0
    Registered Married 396 39.9
    Defacto Relationship 70 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 749 65.4
    Indonesia 26 2.3
    Papua New Guinea 37 3.2
    United Kingdom 111 9.7
    Other 72 6.3
    Others 150 13.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 2.1
    Christianity 709 64.2
    Hinduism 13 1.2
    Islam 34 3.1
    No Religion 323 29.2
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 54 8.9
    $400-$599 70 11.5
    $600-$799 77 12.7
    $800-$999 68 11.2
    $1,000-$1,249 63 10.4
    Others 275 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 460 44.2
    Employed, worked full-time 344 33.0
    Employed, worked part-time 190 18.3
    Employed, away from work 27 2.6
    Unemployed, looking for work 20 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 67 12.0
    Professionals 234 41.8
    Community & personal service workers 47 8.4
    Clerical & administrative workers 72 12.9
    Labourers 43 7.7
    Others 97 17.3
    Occupation
    Census Count Percent(%)
    Pre-school 12 6.0
    Infants/Primary 37 18.5
    Secondary 34 17.0
    Technical or Further Educational Institution 23 11.5
    University or other Tertiary Institutions 83 41.5
    Others 11 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 606 54.3
    Separate house 385 34.5
    Semi-detached, row or terrace house, townhouse 125 11.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 233 36.6
    Other tenure type 176 27.7
    Fully owned 143 22.5
    Being purchased 84 13.2
    Tenure Type
Census 2011, ABS
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