Suburb Profile Report for Westlake QLD (4074)

Westlake House: Median price $715,000, Annual capital growth 4.31%, Number of sales 67, Weekly median advertised rent $588

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

Source: CoreLogic

  • House Report

Giving property investors a an average capital gain of 7.52% for the last year, Westlake, 4074 is the 1801th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Westlake,4074 has racked up an average of 7.52% over the period. This ranks it number 2517th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.10% offered to property buyers. Sellers in Westlake itself are offering an average vendor discount of -5.47% to real estate investors.

At number 2104 in a list of fastest selling suburbs, Westlake is just in the bottom half of suburbs in Australia with an average of days on market 84.2 for properties listed there.

Advertised rents are around the $587.5 mark per week – giving a return of 4.27% based on the median price in Suburb

Metrics i HOUSE UNIT
$715,000 N/A
0.56% N/A
7.52% N/A
4.31% N/A
$588 N/A
67 N/A
4.27% N/A
84.2 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 4380
Median household income ($/weekly) 2262
Median age of persons 41
Median housing loan repayment ($/monthly) 2150
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 627 14.3
    15-19 years 371 8.5
    35-44 years 572 13.1
    45-54 years 831 19.0
    55-64 years 691 15.8
    Others 1289 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 2031 61.3
    Not Married 1097 33.1
    Defacto Relationship 186 5.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2748 64.9
    Papua New Guinea 150 3.5
    South Africa 122 2.9
    United Kingdom 314 7.4
    Other 234 5.5
    Others 667 15.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 169 4.1
    Christianity 2880 70.6
    Hinduism 157 3.8
    Islam 46 1.1
    No Religion 771 18.9
    Others 56 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 157 12.6
    $2,000-$2,499 133 10.7
    $2,500-$2,999 186 15.0
    $3,000-$3,499 150 12.1
    $4,000 or more 132 10.6
    Others 485 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1582 45.8
    Not in the labour force 945 27.4
    Employed, worked part-time 722 20.9
    Employed, away from work 113 3.3
    Unemployed, looking for work 89 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 420 17.4
    Professionals 736 30.4
    Technicians & trades workers 237 9.8
    Clerical & administrative workers 380 15.7
    Sales 285 11.8
    Others 361 14.9
    Occupation
    Census Count Percent(%)
    Pre-school 46 3.9
    Infants/Primary 404 33.8
    Secondary 346 29.0
    Technical or Further Educational Institution 61 5.1
    University or other Tertiary Institutions 313 26.2
    Others 24 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4150 99.9
    Flat, unit or apartment 4 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 650 47.1
    Fully owned 555 40.2
    Rented 170 12.3
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
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