Property value increases in Joondanna have tracked just higher than the WA average of -1.76% over the last 12 months.
Comparing Joondanna,6060 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
LACK OF BUYER INTEREST may well be the reason that Joondanna is offering property investors an average of -8.02. This rate of discount on properties puts Suburb at number 369th in terms of most discounted suburbs in WA
A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 1.11%.
WA has seen average median house prices change by -5.68% which means that Joondanna, 6060 has not done well for property investors by showing a capital gain of -9.44% over the last year
Across a shorter period, Joondanna, 6060 has seen a median price increase of 0.00% over the last quarter.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.98% offered to property buyers. Sellers in Joondanna itself are offering an average vendor discount of -11.37% to real estate investors.
Often selling an investment property can take time, and in Joondanna the average time real estate has been on the market is 92 days.
With the median price for a house in Joondanna being $350000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.01%