Joondalup at a glance
10,487
People
$1,000,000
Median sale
$658/wk
Median rent
3.42%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
WA › Joondalup › Reid Promenade
$600,000
For sale
Asking
2
Bedrooms
2
Bathrooms
2
Car spaces
170 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$600,000
Asking · $3,529/m² of land
No recorded sale for this property.
Joondalup at a glance
10,487
People
$1,000,000
Median sale
$658/wk
Median rent
3.42%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Vs Joondalup
-40.0%
Median sale
Suburb $1,000,000
+2.28 pp
Gross yield
Suburb 3.42%
Suburb median $1,000,000 from 49 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$26,440 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Joondalup's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 170 m² — that is not official geometry. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $658/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 5.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 170 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Joondalup at a glance
10,487
People
$1,000,000
Median sale
$658/wk
Median rent
3.42%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First Western Realty JoondalupPositioned in a boutique, secure complex of 22 residences, this modern first-floor apartment with a lift offers a spacious 141m2 of total living area, which includes a generous 52m2 private corner balcony.
With two good-sized bedrooms and two bathrooms, it's perfect for those seeking comfort and convenience in a vibrant urban setting.
Enjoy the unbeatable location right in Joondalup's central business district, just a short walk from Joondalup Health Campus, ECU, Lakeside Shopping Centre, Joondalup train station, and the WA Police Academy. Everything you need is practically at your doorstep.
The open-plan kitchen, dining, and living area are designed for easy living and feature stone benchtops, a four-burner electric cooktop, under-bench oven, rangehood, dishwasher and ample storage. A split-system air conditioner ensures year-round comfort.
Both bedrooms are spacious size, one with walk-in wardrobe and other triple mirrored built-in wardrobe. The bathrooms are tastefully finished in neutral tones and include a shower and single vanity
A cleverly concealed New York-style laundry adds to the apartments smart design.
Residents enjoy free access to a gym and a communal entertaining area. The apartment also includes a 2 secure undercover parking bay and a separate 4m2 lockable storage unit AND LIFT
With cafes, restaurants, and local businesses just a stroll away and the free Joondalup CAT bus stopping nearby, this location offers the ultimate in convenience and lifestyle.
Strata Fees $1274 per quarter.
All furniture and white goods included in selling price
Built in 2010
For further details or book private inspection please contact Magda Grek on 0406 647 779
Details provided for this property is for information only and should not be taken as a representation in any respect on the part of the vendor or their agent. Prospective clients should make their own enquiries regarding the property or fixtures before entering into any Contract or Lease Agreement. All plans and measurements are approximate and not to scale.
Listing description written by Magda Grek, First Western Realty Joondalup — reproduced as published, not verified by Districts.
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