Joondalup Precinct, Northern suburbs of Perth, WA
The Joondalup precinct is one of Perth’s steadiest markets, with consistent sales activity at a time when the Perth market generally has been in decline.
Now the Perth market is showing increasing signs of revival, with the Joondalup precinct at the forefront of the recovery.
It’s an area with strong amenities and services, good road/rail links to the CBD, and quality homes in the price range one or two tiers above the bottom end.
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.