Suburb spotlight on: Joondalup, WA

Who’s got top market share?

Located just under half an hour from Perth, Joondalup is joining the northern suburbs as a place on the up. Property prices are expected to see a steady rise over the next 12 months as this period of growth continues for Perth. Young families will be able to capitalise on the affordable house prices coupled with proximity to local schools and an easy commute into Perth.

It’s an exciting time to start a real estate business in the suburb.

Let’s look at the market share. Harcourts Alliance-Joondalup has the greatest market share at 27%, closely followed by Peard Real Estate Joondalup at 21%. First National Real Estate Patience rounds out the top three with 6.8%.

Joondalup is still an affordable suburb, with a CoreLogic data telling us that the median house price is $452,000 for a three bedroom home. Opportunity is ripe for a decent rent roll with a significant proportion of the population made up of young singles at 56%, and the average age in the area 20-39.

Joondalup offers a prime spot for a smart Ray White business in the growing northern suburbs of Perth. If it’s an area of interest for you, we can help you build a competitive business. Talk to us today.

Contact:
Andrew McCulloch | +614 7903 9440