Joondalup (postcode 6027) is a moderately sized suburb in Western Australia within the Joondalup local government area. With a population of 9,193, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $88K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Joondalup stand at $755,000, having climbed sharply by 21.6% over the last twelve months. Units have a median price of $420,000 (+12.8% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,733.
Joondalup is served by 4 schools, including 1 primary, 1 combined, 2 special. The average ICSEA score is 1027, which is around the national average of 1,000. Public transport access includes 74 bus stops. Healthcare facilities include 1 public and 3 private hospitals.
From an investment perspective, Joondalup shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices are near the state median ($755K/$951K). The price-to-income ratio of 8.6x is considered moderate. House prices have moved +21.6% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.