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AREA REPORTS

Westminster

WA/
Westminster

Suburb Profile

Westminster - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6061

house
unit

Property investors have seen a -3.27% 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 $355,000

Profits averaged -6.44% 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 $320 based on current median home prices for the suburb.

The gross rental yield in WESTMINSTER, 6061 is 4.69%.

An average of 7.5 real estate transactions take place per month in WESTMINSTER which translates to 90 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $355,000 $292,500
GROWTH REPORT
Median Quarterly -3.27% 0%
Median 12 month -7.31% -3.31%
Median 3 years -19.32% -17.61%
Median 5 years -14.46% -15.46%
10 years average annual -0.31% 3.68%
Weekly media advert. rent $320 $320
Time on Market 91.0 days 120.7 days
Gross Rental Yield Percent 4.69% 5.69%
demographics (median values)
Total Population
4069
Weekly Household Income
680
Household Size
2.30
demographics
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