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