Question 1

Is Jolimont a nice place to live?

Accepted Answer

Jolimont is a small, established residential pocket in Perth’s inner northern suburbs, made up largely of family homes on mature tree-lined streets. It has a quiet, domestic character with a mix of mid-century houses and newer infill builds, and residents have nearby parks, local shops and straightforward transport routes into the city. Its modest size gives the suburb a close-knit feel and largely residential streets suit people after a settled suburban base while still being within reach of larger shopping and entertainment precincts.

The community is weighted towards couple families without children, who make up 61.8% of all families, and the suburb has a population of 1,479 with a median age of 52. Just under three in five homes are owner-occupied (35.9% owned outright and 22.5% owned with a mortgage) and renters make up 41.6% of dwellings. Local facilities include the State Netball Centre, and a former Southern Cross Care site is identified as part of the Parkside Walk precinct opposite Wembley Sports Park and close to Henderson Park.

Question 2

Is it expensive to live in Jolimont?

Accepted Answer

Rents in Jolimont take a large share of a typical local household's income as recorded at the most recent Census. With a typical local household earning $1,345 a week at the last Census, a house rent of $1,050 a week is about 78.1% of that income and a unit rent of $600 a week is about 44.6%. For renters, those rent-to-income shares are the most direct way to see how housing costs sit against what local households earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Jolimont a good place to invest?

Accepted Answer

Over the past 12 months in Jolimont, house rents jumped 50.0% while median house values climbed 20.2%. Unit values also rose, up 13.8%, but unit rents moved only modestly, up 2.6%. In other words, the income a house would earn rose much faster than its price, while unit rent growth lagged behind unit value growth.

If rental income is your priority, the house side is where the largest change has been this year. If capital growth matters more, both houses and units recorded strong value gains over the year. Whether that pattern suits your objectives depends on your individual goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	20.2%	13.8%
Sold Past 3 months	6	5
Median days on market Past 12 months	9	18
Average rent Past 12 months	$1050	$600
Change in rent Past 12 months	50.0%	2.6%

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