Powered by MOMENTUM MEDIA
AREA REPORTS

Westcourt

Suburb Profile

Westcourt - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4870

house
unit

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $350,000.

The upward trend in home prices in WESTCOURT, 4870 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $387.5 mark, reflecting a 5.76% increase in returns based on the current median price in WESTCOURT.

An average of 2.58 real estate transactions take place per month in WESTCOURT which translates to 31 per annum.

31 properties were sold in WESTCOURT in 2016, making it the 384th most active market in QLD based on total real estate transactions.

WESTCOURT, 4870 places th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $350,000 $251,000
GROWTH REPORT
Median Quarterly 0% 3.51%
Median 12 month -3.31% 13.45%
Median 3 years 0% 19.52%
Median 5 years 2.19% 6.81%
10 years average annual 0.98% 0.64%
Weekly media advert. rent $387.5 $287.5
Time on Market 48.0 days 84.2 days
Gross Rental Yield Percent 5.76% 5.96%
demographics (median values)
Total Population
3177
Weekly Household Income
657
Household Size
2.10
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

apartment

Unit rentals break 15-year record

Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...

homebuilder

Has the HomeBuilder stimulus package worked?

Homebuilders are snapping up properties as the Morrison government’s controversial HomeBuilder scheme helps lift interest in the property ...

Property industry welcomes bank support

Property industry welcomes bank support

The Real Estate Institute of Australia has welcomed an announcement by the Australian Banking Association to implement a new phase of suppor...

Property market update: Brisbane, June 2020

The Queensland property market has been dubbed “better than expected” as it continues to remain resilient amid the effects of the COVID-...

Melbourne suburbs

Hot Property: Biggest headlines from the week that was

Australia has reached a new crossroad when it comes to the COVID-19 crisis, both for health and economic reasons: Here are the biggest prope...

property ownership

More power to Millennials as property ownership proves possible

Nearly half of home-buying Millennials believe the COVID-19 situation has actually made home ownership a more achievable goal. ...

Website Notifications

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