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Joondalup, WA 6027
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,005,000
market range $925K-$1.1M
Median Unit
$630,000
market range $600K-$725K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+14.9%
market range +10.0% to +27.5%
Investment snapshot for Joondalup
Joondalup has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Joondalup market and investor summary
In Joondalup, WA 6027, the median house sells for around $1.0M, on a gross rental yield of 3.8% for houses. House prices have moved +14.9% over the past year and +75.7% over three years. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.
Living in Joondalup: people, income and schools
Joondalup has a resident population of roughly 9,193, and the area has been growing steadily, up about 10% over five years. At a median age of 39, it reads as broadly working-age, and families account for 65% of households.
The typical household income runs to around $88,000 a year (about $1,690 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.4 times local household income, so affordability is a genuine constraint on local buyers.
Families have 51 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Joondalup sits about 21 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 60 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 9,193
- +10% over 5yr
- Median age
- 39 years
- Median household income
- $88,000/yr
- Households renting
- 41%
- Family households
- 65%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 51
- avg ICSEA 1066
- Unemployment
- 3.5%
- Distance to CBD
- 21 km
- Walk score
- 60/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Joondalup
View all →Frequently asked questions about Joondalup
What should I check before investing in Joondalup?
Joondalup has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.2%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +14.9% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Joondalup?
The median property price in Joondalup, WA 6027 is $1.0M for houses and $630K for units.
What rental yield does Joondalup show?
The gross rental yield in Joondalup is 3.8% for houses and 5.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Joondalup?
House prices in Joondalup are up 14.9% over the past year and up 75.7% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Joondalup?
The current vacancy rate in Joondalup is 0.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Joondalup?
Joondalup has a population of approximately 9,193 residents, with a median age of 39.
What schools are near Joondalup?
There are 51 schools within roughly 5km of Joondalup. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Joondalup affordable to buy in?
A median house in Joondalup costs about 11.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Joondalup's population growing?
The population of Joondalup has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Joondalup from the CBD?
Joondalup is about 21 km from the CBD.
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