AREA REPORTS

Westlake

Suburb Profile

Westlake - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4074

house

Property investments in WESTLAKE did not fare well against the rest of the country last year, registering a median home price decrease of 1.61%.

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 WESTLAKE, 4074 saw average growth in the long term.

Real estate investors could earn a rental income of $560 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 64.3 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 $725,000.

WESTLAKE ranks 573rd on the list of best yielding suburbs for rental properties in QLD, posting a 4.02% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $725,000 N/A
GROWTH REPORT
Median Quarterly 4.77% N/A
Median 12 month 1.61% N/A
Median 3 years 18.85% N/A
Median 5 years 28.32% N/A
10 years average annual 2.91% N/A
Weekly media advert. rent $560 N/A
Time on Market 64.3 days N/A
Gross Rental Yield Percent 4.02% N/A
demographics (median values)
Total Population
4680
Weekly Household Income
1835
Household Size
3.20
demographics
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