Get a property report and suburb profile for any property in Joondalup

Joondalup is Perth’s northern regional centre, set around Lake Joondalup and Yellagonga Regional Park. Its compact town centre combines a commercial precinct and a major shopping centre with cafes, restaurants and entertainment, anchored by Joondalup train station on the metropolitan rail line. Housing includes modern apartments and townhouses close to the centre and detached family homes in surrounding streets, and the suburb attracts commuters, local workers and students. There’s lakeside walking and cycling, parkland recreation and a full complement of suburban services, with the coast and other northern suburbs within easy reach.

The community of 9,193 has a median age of 39 and is weighted towards couple families; homes are mostly owner-occupied (58.3%) though about 41.7% are rented. Joondalup Health Campus has undergone a multi-stage expansion, and the council is advancing a city centre place activation plan while Neil Hawkins Park is moving through redevelopment planning, all pointing to ongoing local upgrades. Whether Joondalup suits you will depend on whether you want a regional centre with transport links, lakeside parks and a mix of housing types.

On the figures for Joondalup, buying sits well above local incomes at the last Census. A house at $1,067,500 is about 12.2 times a typical local annual household income at the last Census, and a unit at $652,250 is about 7.4 times that income. Rents are also a significant share of local income: a house rent of $700 a week would take about 41.5% of a typical local household's weekly income at the last Census, while a unit rent of $620 a week would take about 36.7%. For renters the rent share is the most relevant figure, and for buyers the price multiples show how purchasing relates to what households locally 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.

Units have been the clearest movers in Joondalup over the past year: unit values rose 18.9% and unit rents increased 12.7%. House values also climbed 15.9% over the 12 months, a strong rise, while house rents were up 7.7%, a solid increase. These value changes speak to capital growth over the year, and the rent changes speak to rental income.

If rental income is your priority, the unit rent figure is the most relevant; if capital growth matters, both house and unit values showed strong gains, with units a little stronger on both counts. Whether that balance fits your investment goals depends on your own circumstances and objectives.

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.