Powered by MOMENTUM MEDIA
AREA REPORTS

Westmead

NSW/
Westmead

Suburb Profile

Westmead - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2145

house
unit

Property investments in WESTMEAD fare well against the rest of the country last year, registering a median home price increase of -16.73%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WESTMEAD, 2145 saw average growth in the long term.

Real estate investors could earn a rental income of $495 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 42.1 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,165,750.

WESTMEAD ranks 1169th on the list of best yielding suburbs for rental properties in NSW, posting a 2.21% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,165,750 $580,000
GROWTH REPORT
Median Quarterly -4.45% -0.85%
Median 12 month -16.73% 0.19%
Median 3 years 9.98% 3.57%
Median 5 years 57.53% 34.88%
10 years average annual 10.13% 6.41%
Weekly media advert. rent $495 $470
Time on Market 42.1 days 55.1 days
Gross Rental Yield Percent 2.21% 4.21%
demographics (median values)
Total Population
9480
Weekly Household Income
1063
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Property investment

The 'nitty gritty' of property economics catching out property investors

One buyers agent is "constantly amazed" by the ongoing misconceptions in property investment about the underlying economics which dictate wh...

Aerial shot of beach

Most popular suburbs in Australia revealed

New data shows the most in demand suburbs in Australia, as buyers look to capitalise on ongoing price declines.  ...

NAB CBA Westpac ANZ

Lenders undercut the big four banks with new loan terms

In response to the banking regulator, APRA, easing its guidelines on loan serviceability, two non-major banks have changed their mortgage s...

Chris Jordan and Australian cash

Revealed: Top tax mistakes from property investors

The Tax Office has released a new toolkit for managing rental properties, after it identified areas that property investors commonly get wro...

ATO and sold sign in front of a house

$300k and lower taxes: How older Aussies are using property to boost their savings

Older Australians are taking advantage of a government scheme that allows them to boost their retirement income through selling their prope...

Apartment building

Expert insight: How investors can win with sunset clauses

Sunset clauses are an “important and useful inclusion” in off-the-plan property purchases, according to a lawyer. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.