Rental supply is extremely tight while prices are accelerating. This structural imbalance favours continued growth.
VERDICT
BUY
Supply Constrained Growth
DEMAND
46 buyers/listing
Strong↑
LIQUIDITY
40d DOM
Weak↓
AFFORDABILITY
30.0% vs 5yr
Weak↓
GROWTH OUTLOOK
Strong
Strong↑
YIELD
4.9%
Strong↑
SUPPLY PRESSURE
0.7% vacancy
Strong↑
#13/89StrongStructure 87Room to run$645K
Atlaso rates Joondalup units as BUY for capital growth. Vacancy is extremely tight at 0.7%, well below the 2.5% equilibrium. 66% of BUY-rated suburbs grew more than 8% in our validated testing.
At $645K, Joondalup ranks #13 of 89 units in Perth. The long-term structural outlook is Strong. Prices grew 19.1% over the past year, showing strong momentum.
OPPORTUNITY ENGINE
Structural opportunity remains selective at this price level.
Buyer's MarketStock rising, prices softening. Buyers have leverage.
-11.2%
Asking Prices (3mo)
+16.0%
Rents (12mo)
0.6%
Vacancy
56%
Fresh Stock (<30d)
Unit Asking Prices (12 months)
$604K
Unit Weekly Rents (12 months)
$682/wk
Vacancy Rate (24 months)
--- 1.5% tight--- 3.0% loose
Listing Age (12 months)
Fresh (<30d)30-60d60-90d90-180d180d+
Data for postcode 6027.
Momentum Health
Room to run
17% stall probability
Joondalup is growing at 19.1% annually with no signs of slowing. Vacancy remains tight and the suburb has not yet reached its affordability ceiling relative to Perth.
STALL RISK17%
Suburb Profile
Joondalup at a Glance
SEIFA Index
8/10
Most advantaged
Household Income
$2,016/wk
Median household
Median Age
40
Years
Mortgage Stress
23%
of income
Population Growth
-4.6%
vs state +1.9%
Ownership Mix
35.6%owned37.6%mortgage24.4%renting
Demographic Trends
Joondalup Over Time
Median Household Income (Census)
Population Growth Rate (Census)
Dwelling Composition (Census)
Rental Yield History
Census data: ABS. Yield series: weekly market data.
Full Joondalup Analysis
Access the full structural analysis, fair value estimate, bedroom-level pricing, and supply intelligence.
3-Year Structural OutlookStrong
Conviction LevelHigh
Fair Value GapX.X% undervalued
3-Bed House Price$X,XXX,XXX
Gross YieldX.X%
Weekly Rent$XXX
SEIFA DecileX/10
Building ApprovalsXX dwellings
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Atlaso rates Joondalup as BUY confidence for capital growth. In our out-of-sample testing, 90% of our STRONG BUY suburbs grew more than 8% annually. Our model analyses price trends, volume, demographics, and market conditions across Joondalup and 46 Australian cities to generate this rating.
What is the median house price in Joondalup?
The current median house price in Joondalup, wa is $645K, with annual growth of +19.5%. Properties sell in approximately 40 days.
How fast do properties sell in Joondalup?
Properties in Joondalup sell in 40 days on average. The market is currently rated Strong. This is in line with the broader market.
What is the growth outlook for Joondalup?
Atlaso's model analyses 23 structural signals including price history, volume trends, yields, and vacancy to rate Joondalup's growth potential. The model predicts whether a suburb is likely to outperform, not by how much. Our ratings have been validated across 46 Australian cities, with 90% of top-rated suburbs growing more than 8% a year.
What is the rental yield in Joondalup?
The gross rental yield for houses in Joondalup is 4.9%. This is above the national average, making it attractive for yield-focused investors.
Important: Atlaso provides general research information only and does not constitute personal financial advice, property advice, or a recommendation to buy, sell, or hold any property. Suburb scores, growth ratings, rental yield estimates, and market signals are based on quantitative models using historical data. They are not guarantees of future performance. Property values can fall as well as rise. You should seek independent licensed financial and property advice before making any investment decision. Atlaso Pty Ltd (ABN 84 696 036 469) is not a licensed financial adviser and does not hold an Australian Financial Services Licence (AFSL).