Suburb Profile
Westminster - FREE SUBURB PROFILE REPORT POSTAL CODE: WA,6061
Property investors have seen a -1.3% drop in WESTMINSTER based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains WESTMINSTER, 6061 saw average decrease in the long term.
The WA 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 $380,000
Profits averaged -4.87% per annum over a 3-year period, due to an downward trend in home prices in WESTMINSTER, 6061.
This means, real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
The gross rental yield in WESTMINSTER, 6061 is 4.24%.
An average of 11 real estate transactions take place per month in WESTMINSTER which translates to 132 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $380,000 | $296,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.3% | -7.06% |
| Median 12 month | -6.75% | -10.03% |
| Median 3 years | -14.61% | N/A |
| Median 5 years | -1.94% | 6.09% |
| 10 years average annual | -0.23% | -7.9% |
| Weekly media advert. rent | $310 | $297.5 |
| Time on Market | 103.6 days | 146.8 days |
| Gross Rental Yield Percent | 4.24% | 5.23% |
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