The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $500,000.
Profits due to an downward trend in home prices there averaged -3% per annum over a 3-year period.
Home owners selling their properties and realtors in JOONDALUP usually have to wait an average of 70.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $362.5 mark, reflecting a 3.77% increase in returns based on the current median price in JOONDALUP.
JOONDALUP, 6027 places 278th in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in JOONDALUP are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $330 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $330 mark, reflecting a 4.68% increase in returns based on the current median price in JOONDALUP.
JOONDALUP, 6027 ranks 37th in WA in terms of median property value increase and capital gains, based on year-to-date figures.
JOONDALUP ranks 47th on the list of best yielding suburbs for rental properties in WA, posting a 4.68% return.
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