Suburb Profile
Westminster - FREE SUBURB PROFILE REPORT POSTAL CODE: WA,6061
Property investors have seen a -1.83% 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 $376,000
Profits averaged -4.98% 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 $300 based on current median home prices for the suburb.
The gross rental yield in WESTMINSTER, 6061 is 4.15%.
An average of 10.17 real estate transactions take place per month in WESTMINSTER which translates to 122 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $376,000 | $287,500 |
| GROWTH REPORT | ||
| Median Quarterly | -1.83% | -1.03% |
| Median 12 month | -5.76% | -12.75% |
| Median 3 years | -14.93% | -17.5% |
| Median 5 years | -5.88% | N/A |
| 10 years average annual | -0.2% | -3.55% |
| Weekly media advert. rent | $300 | $297.5 |
| Time on Market | 104.8 days | 165.2 days |
| Gross Rental Yield Percent | 4.15% | 5.38% |
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