City of JoondalupEconomic profile
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City of Joondalup

Rental listings

At June 2016, the City of Joondalup had a median house rental of $420, $40 higher than the median house rental for Greater Perth.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Automated Valuation System

Rental listings
City of Joondalup20162013Change
Housing value (at June)City of JoondalupGreater PerthCity of Joondalup relative to Greater PerthCity of JoondalupGreater PerthCity of Joondalup relative to Greater Perth2013 to 2016
House--------------
First Quartile$370$330+12.1%$450$420+7.1%-$80
Median$420$380+10.5%$533$480+11.0%-$113
Third Quartile$520$450+15.6%$680$595+14.3%-$160
Median Rental Yield4.0%4.2%--4.8%5.0%----
Unit--------------
First Quartile$330$300+10.0%$400$375+6.7%-$70
Median$360$350+2.9%$430$450-4.4%-$70
Third Quartile$400$415-3.6%$470$550-14.5%-$70
Median Rental Yield5.0%4.6%--5.7%5.3%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Greater Perth: $415 Median, Greater Perth: $350 First Quartile, Greater Perth: $300 Third Quartile, Greater Perth: $450 Median, Greater Perth: $380 First Quartile, Greater Perth: $330 Third Quartile, City of Joondalup: $400 Median, City of Joondalup: $360 First Quartile, City of Joondalup: $330 Third Quartile, City of Joondalup: $520 Median, City of Joondalup: $420 First Quartile, City of Joondalup: $370
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Greater Perth: $-135 Median, Greater Perth: $-100 First Quartile, Greater Perth: $-75 Third Quartile, Greater Perth: $-145 Median, Greater Perth: $-100 First Quartile, Greater Perth: $-90 Third Quartile, City of Joondalup: $-70 Median, City of Joondalup: $-70 First Quartile, City of Joondalup: $-70 Third Quartile, City of Joondalup: $-160 Median, City of Joondalup: $-113 First Quartile, City of Joondalup: $-80
Source: Hometrack 2011-2016, Automated Valuation System

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