Joondalup Precinct, Northern suburbs of Perth, WA
Already a steady performer in the property market and leader of the Perth recovery, Joondalup will have its prospects boosted by two significant projects.
Approval of the marina and waterfront tourist/retail project has been accompanied by plans for the Boas Place project, a mixed-use project with office, hotel, retail and residential elements.
Joondalup is already an area with strong amenities and services, good road/rail links to the CBD.
Joondalup is recognised by the State Government as the main Strategic Metropolitan Centre in northern Perth and major driver of economic growth, driven largely by strong population growth.
It offers a pleasant waterside environment (Lake Joondalup) while being within easy reach of the ocean and beaches. For property investors, it has the key quality of major education and medical facilities, which provide a steady pool of rental demand.
At a time when the Perth market is moving into a recovery phase after several years in decline, the Joondalup precinct has several growth suburbs which offer the opportunity to buy well ahead of future price rises.
This report covers Connolly, Currambine, Duncraig, Edgewater, Heathridge, Joondalup, Kingsley, Ocean Reef and Sorrento.