Joondanna vs Wellesley
Property investment comparison - Joondanna, WA 6060 vs Wellesley, WA 6233
Head-to-head across core investment metrics: Joondanna wins 3, Wellesley wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Joondanna | Wellesley |
|---|---|---|
| Median house price | $1.3M | $1.3M |
| Median unit price | $730K | $85K |
| Gross rental yield (houses) | 3.80% | 3.11% |
| Gross rental yield (units) | 4.96% | - |
| 1-year house growth | +22.1% | - |
| 3-year house growth | +61.2% | - |
| Vacancy rate | 0.4% | 1.4% |
| Population | 5,283 | 35 |
Joondanna vs Wellesley: what the numbers say
The median house price is $1.3M in Joondanna and $1.3M in Wellesley, so Joondanna is the cheaper entry point, with Wellesley houses about 1% dearer.
For units, Joondanna sits at a median of $730K against $85K in Wellesley, which makes Wellesley the more affordable unit market and Joondanna the pricier one.
On cash flow, Joondanna leads: houses there return a gross rental yield of 3.80%, compared with 3.11% in Wellesley, a gap of 0.69 percentage points.
Rental vacancy is 0.4% in Joondanna and 1.4% in Wellesley, so landlords in Joondanna face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Joondanna is the bigger suburb, with a population of 5,283 against 35, roughly 151 times the size of Wellesley; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Joondanna for rental income, Joondanna for a lower purchase price, Joondanna for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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