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Westbourne Park

Suburb Profile

Westbourne Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5041

house
unit

Property investors enjoyed capital gains of 1.35% over the last 12 months in WESTBOURNE PARK, translating to lower returns compared with its peers in SA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 4.44% growth over a ten-year period. It ranks 1812th on our list of suburbs that property investors should look into.

WESTBOURNE PARK, 5041 has a capital gain of 1.35% for the past year, which is lower than average compared to its 21.21% growth within a five-year period.

With the median home price in WESTBOURNE PARK sitting at $940,000, and the average rent at $492.5, property owners could potentially earn a 2.72% 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 (C).

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $940,000 $304,000
GROWTH REPORT
Median Quarterly -0.27% N/A
Median 12 month 1.35% N/A
Median 3 years 16.05% 2.18%
Median 5 years 21.21% 19.22%
10 years average annual 4.44% 5.4%
Weekly media advert. rent $492.5 $295
Time on Market 64.1 days 0.0 days
Gross Rental Yield Percent 2.72% 5.05%
demographics (median values)
Total Population
2610
Weekly Household Income
1275
Household Size
2.60
demographics
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