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Jolimont suburb profile

Jolimont is a small, charming suburb located just 5km west of Perth's CBD, nestled between Subiaco and Wembley. Known for its peaceful residential atmosphere, Jolimont offers a mix of character homes and modern apartments, appealing to both families and professionals. The suburb is home to the picturesque Mabel Talbot Park, providing residents with lush green spaces and recreational facilities. With its proximity to Subiaco's vibrant shopping and dining precincts, as well as excellent public transport options, Jolimont combines the tranquility of suburban living with the convenience of urban amenities, making it a desirable location for many.

Jolimont property market performance

Current median dwelling price$902,500Past 3 months

Property growth+10.3%Past 12 months

Jolimont's property market has shown varied performance over the past 12 months. While the median house price remains at $0, house values have seen a modest increase of 1.0%. In contrast, unit values have experienced a more significant rise of 6.3%, although the median unit price is also reported at $0. This suggests potential data anomalies or a lack of available data for median prices.

Sales activity has been limited, with only 6 houses and 6 units sold over the past 12 months. However, properties are moving quickly, with houses spending a median of 16 days on the market and units 17 days, indicating strong buyer interest despite the low sales volume.

The rental market in Jolimont has seen notable changes, particularly for houses, where average rent has surged by 18.8% to $950. Unit rents have also increased, albeit more modestly, by 3.4% to $600, reflecting a steady demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
8.0%12.6%
Sold
Past 3 months
56
Median days on market
Past 12 months
1322
Average rent
Past 12 months
$950$600
Change in rent
Past 12 months
18.8%2.9%

5 year median price trend for houses and units

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Jolimont demographics

Jolimont, a quaint suburb nestled in the western part of Perth, offers a serene and community-focused lifestyle. With a population of just 1,479, it provides a peaceful retreat from the hustle and bustle of city life. The median age of 52 indicates a mature community, often attracting retirees and those seeking a quieter environment. This demographic is reflected in the suburb's housing composition, where a significant 35.9% of properties are owned outright, suggesting a stable and established resident base.

The suburb's family dynamics are diverse, with 27.5% of households being couple families with children, while a larger proportion, 61.8%, are couple families without children. This indicates a preference for a tranquil lifestyle, possibly appealing to empty nesters or couples who enjoy the suburb's relaxed atmosphere. The presence of one-parent families, making up 9% of the community, adds to the suburb's inclusive and varied family structure.

Jolimont's property market is balanced, with 41.6% of homes being rented, which provides opportunities for those looking to experience the suburb's charm without committing to property ownership. The median total household income of $1,345 per week reflects a comfortable standard of living, aligning with the suburb's appeal to both established families and retirees. Overall, Jolimont offers a harmonious blend of community spirit, stability, and accessibility, making it a desirable location for those seeking a peaceful yet connected lifestyle in Perth.

Suburbs near Jolimont

Some popular suburbs near Jolimont include:

  • Daglish: Known for its quiet residential streets and green spaces, Daglish is located directly south of Jolimont.
  • Wembley: Offering a mix of residential and commercial areas with a vibrant community feel, Wembley is situated to the north of Jolimont.
  • Subiaco: Famous for its lively shopping and dining scene, Subiaco lies to the east of Jolimont.
  • Shenton Park: Known for its beautiful parks and family-friendly atmosphere, Shenton Park is located to the southeast of Jolimont.
  • West Leederville: Featuring a blend of heritage and modern homes with excellent transport links, West Leederville is situated to the northeast of Jolimont.

How does Jolimont compare to nearby suburbs?

  • Median house prices: Jolimont’s median house price is 12.3% lower than Wembley’s.
  • Median unit prices: Jolimont’s median unit price is 38.5% higher than Wembley’s.
  • House price growth: Over the past 12 months, house prices in Jolimont have grown 13.3% higher than in Shenton Park.
  • Unit price growth: Over the past 12 months, unit prices in Jolimont have grown 7.3% higher than in Daglish.
  • Selling speed for houses: Properties in nearby Daglish are selling 7.7% faster than in Jolimont.
  • Selling speed for units: Properties in nearby Wembley are selling 68.2% faster than in Jolimont.
  • Investment considerations: In Jolimont, the rental yield for house is 24.0% higher than the Perth average, while the rental yield for units is 9.5% lower.
  • House price growth: Over the past 12 months, house prices in Jolimont have grown 68.8% higher than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Jolimont have grown 31.8% higher than the average rate of growth for units across Perth.

Choose the right real estate agents in Jolimont

There are 28 real estate agents in Jolimont, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 43.5% of all sales in the past year.

Commission rates in Jolimont typically range from 2% to 2.75%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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