City of JoondalupEconomic profile
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City of Joondalup

Rental listings

At June 2017, the City of Joondalup had a median house rental of $400, $50 higher than the median house rental for Western Australia.

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 2013-2017, Automated Valuation System

Rental listings
City of Joondalup20172013Change
Housing value (at June)City of JoondalupWestern AustraliaCity of Joondalup relative to Western AustraliaCity of JoondalupWestern AustraliaCity of Joondalup relative to Western Australia2013 to 2017
House--------------
First Quartile$350$300+16.7%$450$390+15.4%-$100
Median$400$350+14.3%$533$460+15.9%-$133
Third Quartile$480$425+12.9%$680$600+13.3%-$200
Median Rental Yield3.9%4.3%--4.8%5.2%----
Unit--------------
First Quartile$300$270+11.1%$400$360+11.1%-$100
Median$330$320+3.1%$430$430+0.0%-$100
Third Quartile$380$390-2.6%$470$550-14.5%-$90
Median Rental Yield4.7%4.6%--5.7%5.5%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2017
Rental listings, 2017 Third Quartile, Western Australia: $390 Median, Western Australia: $320 First Quartile, Western Australia: $270 Third Quartile, Western Australia: $425 Median, Western Australia: $350 First Quartile, Western Australia: $300 Third Quartile, City of Joondalup: $380 Median, City of Joondalup: $330 First Quartile, City of Joondalup: $300 Third Quartile, City of Joondalup: $480 Median, City of Joondalup: $400 First Quartile, City of Joondalup: $350
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2017
Change in rental listings, 2013 to 2017 Third Quartile, Western Australia: $-160 Median, Western Australia: $-110 First Quartile, Western Australia: $-90 Third Quartile, Western Australia: $-175 Median, Western Australia: $-110 First Quartile, Western Australia: $-90 Third Quartile, City of Joondalup: $-90 Median, City of Joondalup: $-100 First Quartile, City of Joondalup: $-100 Third Quartile, City of Joondalup: $-200 Median, City of Joondalup: $-133 First Quartile, City of Joondalup: $-100
Source: Hometrack 2011-2016, Automated Valuation System

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