Powered by MOMENTUM MEDIA
smart property investment logo
Westminster
AREA REPORTS

Westminster

Westminster - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6061

house
unit

Property investors have seen a 2.36% gain in WESTMINSTER based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on WESTMINSTER, 6061 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 13.87%.

Based on its average 5-year and quarterly capital gains WESTMINSTER, 6061 saw average growth 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 $390,000

Profits averaged 4.51% per annum over a 3-year period, due to an upward trend in home prices in WESTMINSTER, 6061.

This means, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.

The gross rental yield in WESTMINSTER, 6061 is 5.27%.

An average of 13.92 real estate transactions take place per month in WESTMINSTER which translates to 167 per annum.

Data report can be found below

Westminster
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $390,000 $342,500
GROWTH REPORT
Median Quarterly 2.36% 5.38%
Median 12 month 13.87% 14.64%
Median 3 years 13.54% 14.17%
Median 5 years -3.12% 1.03%
10 years average annual 0.55% 0.32%
Weekly media advert. rent $395 $392.5
Time on Market 44.0 days 35.6 days
Gross Rental Yield Percent 5.27% 5.96%
demographics (median values)*
Total Population
38563
Weekly Household Income
1225
Household Size
2.50
Age
32
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.