Joondalup
This Month's Update
Strong results again this month, but for the first time we are seeing signs of slower home opens and easing rental prices, making it an interesting time to watch the results closely.
Joondalup
Property Stats
New Properties Launched
Avg. Median Price
Number of Rentals
Highest Price
Lowest Price
Average Days on Market
Joondalup
Property Snapshot
Here is a snapshot of the most recent properties that are on the market in Joondalup
In order from newest to oldest and with all the key stats for you to look over, some offer prices may not be released until finance is approved but we will keep an eye and update as soon as they get published.
Perth
Properties For Sale
Mar 2024
Mar 2025
Perth
Properties Sold
Mar 2024
Mar 2025
Perth
Market Growth
Perth
Real Estate News
Changing market conditions have seen the number of properties advertised for sale in Perth increase. there were two changes in conditions that were impacting the market.
Population growth has been slowing, which has slightly eased the demand for property. It’s fallen from the peak of 3.4 per cent in the year to September 2023 to 2.5 per cent in the year to September 2024. While this data is lagged, market activity suggests the rate of growth continues to slow. There is still strong demand for property, but not at the levels it was a year ago. As a result, the frenzied conditions of early 2024, when properties were selling in a median of nine days and there were less than 3,600 listings on the market, have eased.
The second change was to the number of new listings. We saw a surge in new listings in October and November last year and properties have continued to come to the market in fairly consistent numbers since then. As a result, buyers have had more choice and have been able to take more time in their purchasing decisions. Coupled with the slight change in demand, this is seeing properties take longer to sell, active listings rise and price growth slow.
Source: REIWA
Australia
Real Estate News
Australian property values reached new heights in March, reversing a recent downward trend, according to CoreLogic’s national Home Value Index.
Values increased 0.4% over the month, the second consecutive month of growth in the national index, following a short three-month decline where values dipped 0.5%.
The monthly rise in values was broad-based, with every capital city except Hobart recording a positive change, along with each of the rest-of-state regions. The monthly change across the capitals ranged from a 1.0% gain in Darwin to a -0.4% fall in Hobart.
“Improved sentiment following the February rate cut is likely the biggest driver of the turnaround in values, along with the cut’s direct influence of a slight improvement in borrowing capacity and mortgage serviceability,” said Tim Lawless, research director for CoreLogic, which will soon rebrand to Cotality.
“With the rate-cutting cycle expected to be drawn out, it will be interesting to see if this positive inflection in values can last in the face of affordability constraints.”
Sydney and Melbourne, which have the largest weighting in the Home Value Index, look to have turned a positive corner, with values across both cities rising over the past two months.
Following a -2.2% decline between September ‘24 and January ‘25, Sydney home values remain just -1.4% below their record high. In Melbourne, where the downturn has been long-running following the March 2022 peak, values remain -5.6% below their record high, despite rising 0.9% over the past two months.
Although values are still increasing across the mid-sized capitals, the pace of gains has slowed noticeably, especially in Perth, where downward revisions over recent months have put values slightly below peak levels (-0.05%) from October last year. Perth home values have led the five-year upswing among the capitals, rising 75.4% since March 2020.
The change in values across the different ‘price points’ – or value tiers – has started to even out. Following a clear out-performance from the lower quartile of the market since mid-2023, the rate of change across the value segments is starting to converge. This was most apparent in Sydney where upper quartile values have increased by 0.6% over the past three months compared with a 0.3% rise across the lower quartile.
Source: Core Logic
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