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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 $362,000.

The upward trend in home prices in WESTCOURT, 4870 averaged 1.04% per annum over a 3-year period.

Average weekly rents on listings have reached the $377.5 mark, reflecting a 5.42% increase in returns based on the current median price in WESTCOURT.

An average of 2.67 real estate transactions take place per month in WESTCOURT which translates to 32 per annum.

32 properties were sold in WESTCOURT in 2016, making it the 365th most active market in QLD based on total real estate transactions.

WESTCOURT, 4870 places 422nd 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 $362,000 $220,000
GROWTH REPORT
Median Quarterly -0.55% 2.33%
Median 12 month 3.43% -3.3%
Median 3 years 3.13% 2.92%
Median 5 years 4.17% -1.12%
10 years average annual 1.39% -2.44%
Weekly media advert. rent $377.5 $300
Time on Market 65.3 days 77.3 days
Gross Rental Yield Percent 5.42% 7.09%
demographics (median values)
Total Population
3177
Weekly Household Income
657
Household Size
2.10
demographics
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