Westcourt

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 $700,000.

The upward trend in home prices in WESTCOURT, 4870 averaged 17.39% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 4.83% increase in returns based on the current median price in WESTCOURT.

An average of 4.33 real estate transactions take place per month in WESTCOURT which translates to 52 per annum.

52 properties were sold in WESTCOURT in 2016, making it the 249th most active market in QLD based on total real estate transactions.

WESTCOURT, 4870 places 56th in Australia based on median property value growth during the quarter.

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 $406,250.

Average median unit prices in QLD have risen as a whole, pulling WESTCOURT, 4870 values up and netting property investors a capital gain of 16.07% for the past year.

Investors saw the median home price rise to $406,250.

The upward trend in home prices in WESTCOURT, 4870 averaged 12.57% per annum over a 3-year period.

WESTCOURT now ranks at the 122nd 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 WESTCOURT are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WESTCOURT, homes and units usually stay on listing for an average of 34.2 days.

84 properties were sold in WESTCOURT in 2016, making it the 24th most active market in QLD based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$700,000	$406,250
Growth Report
Median Quarterly	12%	5.25%
Median 12 month	26.13%	16.07%
Median 3 years	52.17%	37.71%
Median 5 years	78.34%	78.96%
10 years average annual	7.95%	7.32%
Weekly media advert. rent	$650	$450
Time on Market	26.7 days	34.2 days
Gross Rental Yield Percent	4.83%	5.76%

Demographics (Median Values)*

Total Population 3177

Weekly Household Income 657

Household Size 2.10

Average Age 36

Monthly Loan Repayment 1040

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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