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AREA REPORTS

Westmead

Suburb Profile

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

house
unit

Property investments in WESTMEAD did not fare well against the rest of the country last year, registering a median home price decrease of 15.81%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, 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 $500 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 0.0 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 $1,350,000.

WESTMEAD ranks 1206th on the list of best yielding suburbs for rental properties in NSW, posting a 1.93% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,350,000 $576,000
GROWTH REPORT
Median Quarterly 17.39% 0.74%
Median 12 month 15.81% -1.41%
Median 3 years -2% 1.95%
Median 5 years 56.07% 17.55%
10 years average annual 9.46% 5.5%
Weekly media advert. rent $500 $450
Time on Market 0.0 days 60.9 days
Gross Rental Yield Percent 1.93% 4.06%
demographics (median values)
Total Population
9480
Weekly Household Income
1063
Household Size
2.50
demographics
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