Joondanna

POSTAL CODE: WA, 6060

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains JOONDANNA, 6060 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that JOONDANNA, 6060 obtained a 5.5% growth over a ten-year period. It ranks 2996th on our list of suburbs that property investors should look into.

JOONDANNA, 6060 in WA belongs to the local government area of Stirling.

JOONDANNA, 6060 has a capital gain of 22.54% for the past year, which is higher than average compared to its 66.67% growth within a five-year period.

With the median home price in JOONDANNA sitting at $1,150,000, and the average rent at $750, property owners could potentially earn a 3.39% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in JOONDANNA are low, as opposed to average gains per annum over the past five years.

Homeowners and real estate investors betting on JOONDANNA, 6060 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 15.38%.

A steady increase in median property prices over a five-year period in JOONDANNA, 6060 translates to a 59.38% capital gain.

Property investors enjoyed capital gains of 15.38% over the last 12 months in JOONDANNA, translating to lower returns compared with its peers in WA.

JOONDANNA, 6060 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 $637,500.

Profits due to an upward trend in home prices in JOONDANNA, 6060 averaged 19.79% per annum over a 3-year period.

Home owners selling their properties and realtors in JOONDANNA usually have to wait an average of 18.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 5.3% increase in returns based on the current median price in JOONDANNA.

JOONDANNA, 6060 places 54th in Australia based on median property value growth during the quarter.

Surburb overview

Joondanna, approximately 6 kilometres north of Perth's central business district, is a suburb within the City of Stirling. Established in 1939 as Joondanna Heights, the name was shortened to Joondanna.

According to the 2016 census, Joondanna's population was 4,852, a 6.2% increase from 4,568 in 2011. The predominant age group is 30 to 39, and households primarily consist of childless couples.

Public transportation in Joondanna includes several Transperth bus routes connecting to Perth's CBD and surrounding areas. While there is no train station within the suburb, nearby stations are accessible via bus services.

Essential amenities are readily available. Joondanna contains several small shops catering to daily grocery needs. More extensive shopping centres like Dog Swamp Shopping Centre and Flinders Square are in adjacent suburbs. Healthcare services are accessible in neighbouring areas. Educational institutions include St Denis School, a Catholic primary school.

Several parks and reserves support recreational activities. The largest park surrounds the water tower on Roberts Street, and Albert James Park provides passive recreation. Joondanna Reserve offers additional green space for residents.

Joondanna combines suburban living with proximity to Perth's CBD, offering residents convenient access to essential amenities and recreational opportunities. Its steady population growth and development reflect its appeal as a residential suburb within the Perth metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,150,000	$637,500
Growth Report
Median Quarterly	4.55%	6.25%
Median 12 month	22.54%	15.38%
Median 3 years	57%	59.38%
Median 5 years	66.67%	50%
10 years average annual	5.5%	5.11%
Weekly media advert. rent	$750	$650
Time on Market	23.9 days	18.2 days
Gross Rental Yield Percent	3.39%	5.3%

Demographics (Median Values)*

Total Population 23393

Weekly Household Income 1420

Household Size 2.10

Average Age 36

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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