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Joondalup

POSTAL CODE: WA, 6027
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Homeowners and real estate investors betting on JOONDALUP, 6027 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 10.18%.

A steady increase in median property prices over a five-year period in the suburb translates to a 61.34% capital gain.

Property investors in JOONDALUP enjoyed capital gains of 10.18% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $903,500.

Profits due to an upward trend in home prices there averaged 20.45% per annum over a 3-year period.

Home owners selling their properties and realtors in JOONDALUP usually have to wait an average of 19.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $692.5 mark, reflecting a 3.99% increase in returns based on the current median price in JOONDALUP.

JOONDALUP, 6027 places 273rd in Australia based on median property value growth during the quarter.

Surburb overview

Joondalup, located approximately 26 kilometres north of Perth's central business district, is the primary urban centre for Perth's northern suburbs. Established in the 1980s, the suburb spans an area of about 11.8 square kilometres and is bordered by Burns Beach Road to the north, Mitchell Freeway to the west, Eddystone and Lakeside Drive to the south, and Lake Joondalup to the east. 

As of the 2021 census, Joondalup had a population of 9,193 residents. The community comprises a diverse mix of families, young professionals, and students, contributing to a vibrant demographic profile. 

Public transportation in Joondalup is well-developed. The Joondalup railway station is on the Joondalup Line, which provides direct access to Perth and surrounding areas. Additionally, several bus routes operate within the suburb, enhancing connectivity for residents and visitors. 

Joondalup offers a comprehensive range of amenities, including the Lakeside Joondalup Shopping City, one of Western Australia's largest shopping centres, featuring numerous retail outlets, dining options, and entertainment facilities. The suburb is also home to educational institutions such as Edith Cowan University and North Metropolitan TAFE, catering to higher education needs. Healthcare services are provided by the Joondalup Health Campus, a major hospital offering a wide range of medical services. 

Recreational activities in Joondalup are abundant, with the Yellagonga Regional Park and Lake Joondalup offering walking, cycling, and wildlife observation opportunities. The suburb also features several parks and green spaces, providing residents with venues for outdoor activities and community events. The Joondalup Resort and Golf Course also offers golfing facilities and dining options. 

Joondalup's combination of residential appeal, accessibility, and comprehensive amenities contributes to its reputation as a desirable suburb within the Perth metropolitan area. 

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