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Koondoola

POSTAL CODE: WA, 6064
HOUSE

Homeowners and real estate investors betting on KOONDOOLA, 6064 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 23.35%.

A steady increase in median property prices over a five-year period in the suburb translates to a 81.82% capital gain.

Property investors in KOONDOOLA enjoyed capital gains of 23.35% 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 $700,000.

Profits due to an upward trend in home prices there averaged 27.27% per annum over a 3-year period.

Home owners selling their properties and realtors in KOONDOOLA usually have to wait an average of 26 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.61% increase in returns based on the current median price in KOONDOOLA.

KOONDOOLA, 6064 places 90th in Australia based on median property value growth during the quarter.

Surburb overview

Koondoola is a suburb within the City of Wanneroo, approximately 15 kilometres north of Perth's central business district.

According to the 2021 Census, Koondoola has a population of 3,919, with a median age of 35. The suburb is culturally diverse, with a significant proportion of residents born overseas, including communities from Myanmar, Vietnam, and Afghanistan. Approximately 5.2% of the population identifies as Aboriginal and Torres Strait Islander. 

As of October 2024, the median house price in Koondoola is $550,000, reflecting a 33.3% growth over the past year. The median weekly rent is $560, indicating a 13.8% increase in the same period. 

Koondoola hosts several educational institutions, including Koondoola Primary School, established in 1975, serving the local community. Waddington Primary School is a progressive school overlooking local bushland. Mercy College is an independent Roman Catholic co-educational primary and high day school. 

Koondoola offers various amenities, including the Koondoola Plaza shopping centre. The suburb features several parks and recreational facilities, such as Koondoola Park and the Koondoola Regional Bushland, providing residents with spaces for outdoor activities and community events. 

Transperth bus services facilitate public transportation in Koondoola, connecting residents to Perth's CBD and nearby train stations. Major roads such as Marangaroo Drive and Koondoola Avenue enhance accessibility to surrounding areas.

Koondoola combines suburban living with convenient access to essential amenities, educational institutions, and recreational opportunities, making it a diverse and evolving suburb within the Perth metropolitan area. 

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