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Westbury

POSTAL CODE: TAS, 7303
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 26.5% capital gain.

It 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 $632,500

The augmented property values in the suburb are trailing behind the territorial average of 4.47% in 2016.

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

Home owners selling their properties and realtors in WESTBURY usually have to wait an average of 67.4 days days before their assets are lifted off the market.

The TAS suburb ranks 98th on the list of best yielding suburbs for rental properties in TAS, posting a 3.7% return.

It also places places 150th in Australia based on median property value growth during the quarter.

Surburb overview

Westbury is a charming suburb located approximately 35 kilometres west of Launceston, Tasmania. This picturesque town offers a peaceful, rural lifestyle while still being accessible to the amenities of a major city.

The population of Westbury is around 2,000 residents, based on the most recent census data. The demographic profile of the suburb includes families, retirees, and individuals who appreciate the tranquillity and community spirit of rural living. The town has a diverse age range, with a notable presence of both young families and older residents.

Westbury is part of the Meander Valley Council local government area. Public transportation options include bus services that connect the town to Launceston and other nearby areas. While the town's rural nature means that most residents rely on personal vehicles, the availability of public transport provides an alternative for commuting and travel.

In terms of nearby establishments, Westbury is well-equipped with essential amenities. The town has several educational institutions, including Westbury Primary School, which serves the local community. For shopping needs, residents have access to local shops, a supermarket, and a variety of specialty stores that cater to everyday necessities.

Westbury is known for its historical charm and well-preserved heritage buildings. The town features several parks and recreational facilities that offer ample opportunities for outdoor activities. The Village Green is a popular spot for picnics, community events, and leisurely walks. Additionally, the nearby Westbury Sports Centre provides facilities for various sports and fitness activities.

The town also hosts several annual events and festivals that reflect its rich cultural heritage and community spirit. These events are well-attended by residents and visitors alike, fostering a strong sense of community and belonging.

Westbury's combination of historical charm, rural tranquillity, and community-focused living makes it a desirable suburb for a wide range of residents. Its proximity to Launceston, along with the availability of quality schools, recreational facilities, and essential amenities, contributes to its appeal as a prime residential location. The town's vibrant community spirit and picturesque setting further enhance its attractiveness to both locals and newcomers.

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