44/167 Grand Boulevard, Joondalup WA 6027
44/167 Grand Boulevard, Joondalup WA 6027
3 bed 2 bath 2 car | 128 m² apartment | centre-zone Joondalup | opposite Lakeside | strong investor and owner-occupier appeal
This is a genuinely uncommon unit for the Joondalup centre. Most apartments in this precinct trade at 2 bed, 1 car configurations, so a 3 bed, 2 bath layout with two dedicated parking bays immediately separates it from the bulk of nearby stock. The 128 m² internal area is generous by any standard for apartment living in this suburb, giving it a feel closer to a townhouse than a typical high-density unit. Its position on Grand Boulevard, directly opposite Lakeside Joondalup and within walking distance of the train station, ECU, TAFE, and the hospital, makes it a practical choice for buyers who want to lock in convenience without relying on a car for every errand. That combination of size, parking, and centrality serves two buyer groups best: owner-occupiers who want low-maintenance living with real space, and investors targeting the steady rental demand generated by the education and health precincts.
The value picture here is shaped by a few factors that may move the needle. The centre-zone setting means the property sits in a busy, mixed-use environment, so light, noise, and privacy will depend heavily on the specific floor level and orientation, which are not confirmed for this unit. The age of the building, likely early 2000s, may mean the interior finishes are dated compared to newer developments in the area, and that could influence how much a buyer needs to budget for cosmetic updates. The two-car parking is a genuine advantage that should hold value over time, especially as demand for multi-car households in central locations grows. The surrounding activity centre is well established, so future price growth will likely track the broader Joondalup market rather than being driven by new infrastructure or rezoning momentum.
|| Comparable Sales: 1/167 Grand Boulevard sold 2022 at 2 bed, 2 bath, 103 m²; 48/167 Grand Boulevard marketed at $600k–$620k for 3 bed, 2 bath, 2 car | Property Price Band: $600,000–$700,000 | Value Drivers: internal size, two-car parking, centre-zone location with direct retail and transit access
Detailed Independent Property Report prepared by PropCred Analyst team for 44/167 Grand Boulevard, Joondalup WA 6027
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Joondalup holds a strong position as Perth’s northern commercial and education hub, supported by expanding transport links and infrastructure. Demand is led by young professionals and students seeking apartments, families buying townhouses and single-family homes, and investors drawn to the employment base in health and education. House prices reached a median of $928,500 with 8.3% annual growth, while units rose a sharp 17.5% to $587,500. Selling is brisk, with houses spending just 9–11 days on market and annual sales volume at 134. Rental conditions are tight: houses yield 4.48% on $700 weekly rent, and units yield 5.35% at $620. Future growth is anchored by ongoing infrastructure upgrades and amenity expansion, though volatility, over-development potential, and seasonal price swings remain constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 1/167 Grand Boulevard sold 2022 at 2 bed, 2 bath, 103 m²; 48/167 Grand Boulevard marketed at $600k–$620k for 3 bed, 2 bath, 2 car | Property Price Band: $600,000–$700,000 | Value Drivers: internal size, two-car parking, centre-zone location with direct retail and transit access
Bedrooms
3
Bathroom
2
Parking
2
Land
128m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!