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Westbrook
AREA REPORTS

Westbrook

Westbrook - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4350

house

WESTBROOK, 4350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling WESTBROOK, 4350 values up and netting property investors a capital gain of 12.58% for the past year.

Investors saw the median home price rise to $528,000.

Profits due to an upward trend in home prices in the suburb averaged 6.51% per annum over a 3-year period.

WESTBROOK now ranks at the 674th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $450 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WESTBROOK, homes and units usually stay on listing for an average of 23.8 days.

In 2016, 88 properties were sold in WESTBROOK during the past year, making it the 46th most active market in QLD based on total real estate transactions.

Data report can be found below

Westbrook
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $528,000 N/A
GROWTH REPORT
Median Quarterly 3.53% N/A
Median 12 month 12.58% N/A
Median 3 years 19.52% N/A
Median 5 years 14.29% N/A
10 years average annual 2.79% N/A
Weekly media advert. rent $450 N/A
Time on Market 23.8 days N/A
Gross Rental Yield Percent 4.43% N/A
demographics (median values)*
Total Population
2283
Weekly Household Income
1209
Household Size
3.10
Age
31
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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