Suburb Profile Report for Westmead NSW (2145)

Westmead House: Median price $1,215,000, Annual capital growth 9.31%, Number of sales 45, Weekly median advertised rent $498

Westmead Unit: Median price $555,500, Annual capital growth 6.03%, Number of sales 198, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

Westmead has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.62% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Westmead comes in at number 88th in NSW.

Property investors looking for a bargain in Westmead should be aiming for at least -8.36% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $497.5 and the average annual increase in value of a median property of 9.31%, investors should hope to achieve an overall return of 2.13%

Westmead is in the bottom 40% in NSW when comparing median price capital growth over the last year. Westmead gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.87%.

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

Property buyers and investors in Westmead 2145 should be seeing an average reduction in asking price of around -4.30% . This means that Westmead is holding prices well when compared to other suburbs in NSW.

Westmead is 269th on a list of best yielding suburbs for rents in NSW with a 4.21% return

HOUSE UNIT
$1,215,000 $555,500
-0.82% -1.68%
14.62% 2.87%
9.31% 6.03%
$498 $450
45 198
2.13% 4.21%
71.11 55.71

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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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Recent sales & rentals