The most common and most likely answer to this crossword clue is the 9 letter word MARSUPIUM
I've seen this crossword clue in The Times
M
A
R
S
U
P
I
U
M
Buddy explains!
The straight part
We know that "place for Joey" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case place for joey = marsupium.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does MARSUPIUM mean?
MARSUPIUM noun- The external pouch in which female marsupials rear and feed the young.
- A brood pouch in some fishes, crustaceans and insects in the family Monophlebidae.