Westbourne Park

POSTAL CODE: SA, 5041

HOUSE

UNIT

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 8.39% growth over a ten-year period. It ranks 937th on our list of suburbs that property investors should look into.

WESTBOURNE PARK, 5041 has a capital gain of -2.24% for the past year, which is lower than average compared to its 51.74% growth within a five-year period.

With the median home price in WESTBOURNE PARK sitting at $1,745,000, and the average rent at $735, property owners could potentially earn a 2.19% increase in gross rental yield.

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

WESTBOURNE PARK, 5041 in SA belongs to the local government area of Mitcham.

Based on its average 5-year and quarterly capital gains WESTBOURNE PARK, 5041 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 16.29% growth over a ten-year period. It ranks 1465th on our list of suburbs that property investors should look into.

WESTBOURNE PARK, 5041 in SA belongs to the local government area of Mitcham.

WESTBOURNE PARK, 5041 has a capital gain of 26.92% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in WESTBOURNE PARK sitting at $577,500, and the average rent at $495, property owners could potentially earn a 4.46% increase in gross rental yield.

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

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,745,000	$577,500
Growth Report
Median Quarterly	0%	11.06%
Median 12 month	-2.24%	26.92%
Median 3 years	28.5%	59.31%
Median 5 years	51.74%	0%
10 years average annual	8.39%	16.29%
Weekly media advert. rent	$735	$495
Time on Market	N/A	N/A
Gross Rental Yield Percent	2.19%	4.46%

Demographics (Median Values)*

Total Population 13391

Weekly Household Income 1636

Household Size 2.60

Average Age 41

Monthly Loan Repayment 1858

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

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