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:
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.