Suburb Profile Report for Westmead NSW (2145)

Westmead House: Median price $1,405,000, Annual capital growth 11.49%, Number of sales 41, Weekly median advertised rent $500

Westmead Unit: Median price $563,000, Annual capital growth 5.90%, Number of sales 221, 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

If you compare the increase in value of investment property in Westmead, 2145 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 18.07%.

Over the longer term, Westmead has seen property prices show investors a 82.47% return over the last 3 years. This is worse than over the last 12 months

At number 519th of NSW’s most discounted properties, Westmead is in the middle of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.

With the median price for a house in Westmead being $1405000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 1.85%

Westmead, 2145 ranked 460th in NSW when comparing growth in median property values or capital gain over the last 12 months. Westmead is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Westmead comes in at number 345th in NSW.

Our latest figures would indicate that property sellers in Westmead are currently offering property investors an average price cut of -3.65% below the asking price at the moment.

Metrics i HOUSE UNIT
$1,405,000 $563,000
2.00% 0.00%
18.07% -2.09%
11.49% 5.90%
$500 $460
41 221
1.85% 4.25%
87.72 61.13

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals