Suburb Profile Report for Westmead NSW (2145)

Westmead House: Median price $1,325,000, Annual capital growth 10.64%, Number of sales 42, Weekly median advertised rent $500

Westmead Unit: Median price $562,000, Annual capital growth 6.17%, Number of sales 223, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 17.63% for the last 12 months, Westmead, 2145 has performed for property investments than its average annual 10.64% property growth over the last 5 years.

Comparing Westmead,2145 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Westmead, 2145 is offering NSW ‘s 548th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 1.96%, without taking into account capital value appreciation, which has been averaging out at 10.64%.

Investment property in Westmead has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.17%

While Westmead,2145 ranked number 318th in NSW for increase in median house value (annualised) increase, it is ranked 224th over the last 5 years.

At number 270th of NSW’s most discounted properties, Westmead is in the middle of the state/territory when listing in order of most discounted to least.

Residents and property investors in Westmead have been waiting around 59.26 days to sell a property.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.26%, without taking into account capital value appreciation, which has been averaging out at 6.17%.

HOUSE UNIT
$1,325,000 $562,000
9.05% 0.90%
17.63% 1.17%
10.64% 6.17%
$500 $460
42 223
1.96% 4.26%
93.54 59.26

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 14171
Median household income ($/weekly) 1475
Median age of persons 31
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    0-4 years 1328 9.4
    5-14 years 1443 10.2
    25-34 years 4296 30.3
    35-44 years 2357 16.6
    45-54 years 1351 9.5
    Others 3396 24.0
    Age Group
    Census Count Percent(%)
    Registered Married 5822 57.4
    Not Married 3926 38.7
    Defacto Relationship 401 4.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4269 32.1
    Croatia 814 6.1
    Indonesia 4203 31.6
    Sri Lanka 622 4.7
    Other 1273 9.6
    Others 2119 15.9
    Country of Birth
    Census Count Percent(%)
    Christianity 4597 35.3
    Hinduism 4658 35.8
    Islam 1126 8.7
    Other Religious Groups 578 4.4
    No Religion 1562 12.0
    Others 493 3.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 446 9.8
    $1,250-$1,499 466 10.3
    $1,500-$1,999 768 17.0
    $2,000-$2,499 468 10.3
    $2,500-$2,999 511 11.3
    Others 1870 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4849 45.4
    Not in the labour force 3523 33.0
    Employed, worked part-time 1449 13.6
    Unemployed, looking for work 535 5.0
    Employed, away from work 324 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 518 7.8
    Professionals 2421 36.6
    Technicians & trades workers 617 9.3
    Clerical & administrative workers 1037 15.7
    Labourers 542 8.2
    Others 1484 22.4
    Occupation
    Census Count Percent(%)
    Pre-school 217 7.0
    Infants/Primary 983 31.7
    Secondary 489 15.8
    Technical or Further Educational Institution 355 11.5
    University or other Tertiary Institutions 840 27.1
    Others 214 6.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 8279 64.5
    Separate house 2958 23.0
    Semi-detached, row or terrace house, townhouse 1597 12.4
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3018 62.8
    Being purchased 1138 23.7
    Fully owned 606 12.6
    Other tenure type 40 0.8
    Tenure Type
Census 2011, ABS
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