Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,350,000.
The upward trend in home prices in WESTLEIGH, 2120 averaged 17.4% per annum over a 3-year period.
Average weekly rents on listings have reached the $750 mark, reflecting a 2.89% increase in returns based on the current median price in WESTLEIGH.
An average of 4.75 real estate transactions take place per month in WESTLEIGH which translates to 57 per annum.
57 properties were sold in WESTLEIGH in 2016, making it the 285th most active market in NSW based on total real estate transactions.
WESTLEIGH, 2120 places 619th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,350,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.05% | N/A |
| Median 12 month | 8.13% | N/A |
| Median 3 years | 52.2% | N/A |
| Median 5 years | 73.97% | N/A |
| 10 years average annual | 8.4% | N/A |
| Weekly media advert. rent | $750 | N/A |
| Time on Market | 75.2 days | N/A |
| Gross Rental Yield Percent | 2.89% | N/A |
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