City of JoondalupEconomic profile
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City of Joondalup

Rental listings

At June 2018, 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 2014-2018, Automated Valuation System

Rental listings
City of Joondalup20182014Change
Housing value (at June)City of JoondalupWestern AustraliaCity of Joondalup relative to Western AustraliaCity of JoondalupWestern AustraliaCity of Joondalup relative to Western Australia2014 to 2018
House--------------
First Quartile$350$300+16.7%$400$350+14.3%-$50
Median$400$350+14.3%$470$420+11.9%-$70
Third Quartile$485$430+12.8%$580$510+13.7%-$95
Median Rental Yield3.9%4.4%--4.2%4.5%----
Unit--------------
First Quartile$300$260+15.4%$360$320+12.5%-$60
Median$330$320+3.1%$400$400+0.0%-$70
Third Quartile$368$395-6.8%$448$500-10.4%-$80
Median Rental Yield5.0%4.8%--5.1%4.9%----

Source: Hometrack 2014-2018, Automated Valuation System.

Rental listings, 2018
Rental listings, 2018 Third Quartile, Western Australia: $395 Median, Western Australia: $320 First Quartile, Western Australia: $260 Third Quartile, Western Australia: $430 Median, Western Australia: $350 First Quartile, Western Australia: $300 Third Quartile, City of Joondalup: $368 Median, City of Joondalup: $330 First Quartile, City of Joondalup: $300 Third Quartile, City of Joondalup: $485 Median, City of Joondalup: $400 First Quartile, City of Joondalup: $350
Source: Hometrack 2014-2018, Automated Valuation System
Change in rental listings, 2014 to 2018
Change in rental listings, 2014 to 2018 Third Quartile, Western Australia: $-105 Median, Western Australia: $-80 First Quartile, Western Australia: $-60 Third Quartile, Western Australia: $-80 Median, Western Australia: $-70 First Quartile, Western Australia: $-50 Third Quartile, City of Joondalup: $-80 Median, City of Joondalup: $-70 First Quartile, City of Joondalup: $-60 Third Quartile, City of Joondalup: $-95 Median, City of Joondalup: $-70 First Quartile, City of Joondalup: $-50
Source: Hometrack 2014-2018, Automated Valuation System

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