Giving property investors a an average capital gain of -0.93% for the last year, Joondalup, 6027 is the 2334th highest performer in Australia in this respect.
Across a shorter period, Joondalup, 6027 has seen a median price increase of -1.02% over the last quarter.
Property investors looking for a bargain in Joondalup should be aiming for at least -6.01% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Joondalup being $485000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.07%
Over the last year, property investments in Joondalup, 6027 have given investors a capital gain of -8.81%. This compares averagely with the -4.63% for WA as a whole.
Joondalup,6027 was ranked 535 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Joondalup is offering property investors an average of -8.81. This rate of discount on properties puts Suburb at number 64th in terms of most discounted suburbs in WA
In the last year 49 properties changed hands in Joondalup, which puts it as the 30th most active market in WA when comparing the number of sales per suburb.