Joondalup stands out as one of Perth’s top retail hubs, offering an array of shopping experiences from expansive shopping centres to boutique waterfront dining. With a strong consumer base and significant annual retail spend, the city presents numerous opportunities for robust retail investment.
Key highlights
- Strong retail workforce: Home to 8,625 retail employees.
- High consumer spend: Annual retail spending totals approximately $4 billion.
- Diverse retail precincts: Features four major retail areas including Lakeside Joondalup Shopping City.
Retail employees
Yearly total retail spend
Established retail precincts
Joondalup: A premier retail destination in Perth
Strategic advantages
Explore the sections below to learn more about Joondalup’s strategic positioning in the retail sector:
Diverse and affluent consumer base
Joondalup enjoys a robust and affluent consumer base, characterised by a high share of non-resident expenditure in dining, entertainment, department stores, and clothing sectors. This demographic strength ensures a steady demand for a wide range of retail offerings, making the City an attractive location for new and expanding retail businesses.
Premier retail locations
Joondalup’s retail landscape includes several key destinations:
- Lakeside Joondalup Shopping City: Located in the City Centre, this is one of Perth’s largest shopping centres, attracting over $10 million visitors annually.
- Hillarys Boat Harbour: A top visitor attraction offering calm beaches, boutique shopping, and unique dining experiences.
- Westfield Whitford City: Recently expanded entertainment precinct attracting $6.6 million visitors each year.
- Warwick Grove: Services the City’s southern border with over $4 million customer visits annually.
Investment opportunities
Joondalup’s retail landscape is poised for significant expansion and development, offering investors strategic opportunities to capitalise on:
Joondalup City Centre development: A major project integrating civic, cultural, retail, and educational elements into a vibrant community hub. Opportunities include commercial spaces, boutique retail, and residential units designed to attract a broad consumer base and stimulate local commerce.
Ocean Reef Marina development: This upcoming development promises new retail and hospitality opportunities at Perth’s newest world-class marina. Ideal for investors looking to tap into the leisure and tourism retail market, with potential for high returns on waterfront properties.
These developments highlight Joondalup’s commitment to enhancing its retail sector, presenting investors with lucrative opportunities for growth and innovation.