Suburb Profile Report for Joondanna WA (6060)

Joondanna House: Median price $650,000, Annual capital growth 1.11%, Number of sales 61, Weekly median advertised rent $390

Joondanna Unit: Median price $350,000, Annual capital growth 0.44%, Number of sales 42, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$650,000 $350,000
2.36% 0.00%
3.17% -9.44%
1.11% 0.44%
$390 $270
61 42
3.12% 4.01%
64.05 92

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4568
Median household income ($/weekly) 1262
Median age of persons 36
Median housing loan repayment ($/monthly) 1950
Average household size 2
  • Census Count Percent(%)
    20-24 years 368 8.1
    25-34 years 1122 24.6
    35-44 years 749 16.4
    45-54 years 529 11.6
    55-64 years 409 9.0
    Others 1389 30.4
    Age Group
    Census Count Percent(%)
    Not Married 1761 51.0
    Registered Married 1199 34.7
    Defacto Relationship 494 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2489 60.1
    Indonesia 135 3.3
    Japan 124 3.0
    United Kingdom 325 7.9
    Other 331 8.0
    Others 735 17.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 161 4.0
    Christianity 2490 62.0
    Hinduism 94 2.3
    Islam 108 2.7
    No Religion 1100 27.4
    Others 61 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 197 10.3
    $1,000-$1,249 203 10.6
    $1,250-$1,499 157 8.2
    $1,500-$1,999 235 12.3
    $2,500-$2,999 195 10.2
    Others 926 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1704 46.6
    Not in the labour force 1050 28.7
    Employed, worked part-time 651 17.8
    Employed, away from work 147 4.0
    Unemployed, looking for work 107 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 271 10.8
    Professionals 725 29.0
    Technicians & trades workers 327 13.1
    Community & personal service workers 238 9.5
    Clerical & administrative workers 404 16.2
    Others 535 21.4
    Occupation
    Census Count Percent(%)
    Pre-school 38 4.9
    Infants/Primary 174 22.6
    Secondary 113 14.7
    Technical or Further Educational Institution 112 14.5
    University or other Tertiary Institutions 301 39.1
    Others 32 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1741 43.3
    Semi-detached, row or terrace house, townhouse 1653 41.1
    Flat, unit or apartment 630 15.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 891 44.2
    Being purchased 635 31.5
    Fully owned 470 23.3
    Other tenure type 20 1.0
    Tenure Type
Census 2011, ABS
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