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Jolimont, WA 6014

Home » WA Real Estate Data » City of Subiaco, WA » Jolimont, WA 6014

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Jolimont, WA 6014 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Jolimont, WA 6014”

  1. The total adult population (15 years or older) of Jolimont 6014 WA is 1,344, with a median age of 52. Of those, 45.16% are married, 10.86% are divorced or separated, 31.47% are single and 12.20% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $9,000. The median monthly mortgage repayment for households in this suburb is $2,178 which is 24.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Western Australia, the suburb of Jolimont is home to an estimated 1,128 households. As we review the Q3 2023 property market statistics for houses in Jolimont, we can gain a clearer understanding of its investment potential.

    Currently, the typical prices for houses in Jolimont stand at an impressive $1,453,936 AUD. While complementing this high property value, the median weekly rent hovers at approximately $775. This contributes towards an indicative yield of 2.78%, a value slightly below the minimum attractive market requirement of 3% for cash-flow-centered property investors.

    Socio-economic factors play a large role in the appeal of a property market. In this regard, Jolimont boasts an IRSAD score of 1067 out of a possible 1217, suggesting a relatively high socio-economic status among its populace.

    However, the suburb has a renter to owner ratio of 33%, placing it slightly above the optimal range of 30%, which may suggest some element of risk regarding stability and property returns. Furthermore, the units to houses ratio is markedly high at 64%, potentially indicative of over-saturation of rental properties.

    Affordability is always a key component in property markets. Unfortunately, Jolimont’s affordability index stands at 63 years, a value significantly exceeding the favourable range, thus suggesting that affordability might be an issue in this area.

    Turning our attention to supply metrics, the housing stock on the market sits at 0.86%, which falls within the neutral range, and the inventory level sits at 3.0 months, indicating a reasonably balanced supply-demand dynamic. The building approvals ratio for houses is 0.43%, suggesting a moderated supply of new residential dwellings.

    Looking at demand, the average days on market for houses in Jolimont is 35, indicating favourable demand. The combined house and unit vacancy rate is a low 1.06%, signaling high demand and potentially offering investment opportunities. Nevertheless, the buy search index for houses stands at 2, indicating limited demand and suggesting a need for potential investors to observe this particular metric carefully.

    In conclusion, the Jolimont property market offers a mixed bag of attributes with high property value and low vacancy rates being offset by limited buying interest and affordability issues. As with any investment decision, thorough market research and a watchful eye on trends remain crucial for success.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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