Suburb Profile Report for Westbrook QLD (4350)

Westbrook House: Median price $452,500, Annual capital growth 2.92%, Number of sales 73, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Westbrook, 4350 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.00%.

A 14.85% growth in median value for property investors in Westbrook,4350 puts this suburb at number 552th in terms of best performing suburbs in QLD

Vendor discounting in Westbrook is giving property investors an average Vendor Discount of around -5.25%. This puts suburb at number 603th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Westbrook the average time real estate has been on the market is 95.51 days.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.60%, without taking into account capital value appreciation, which has been averaging out at 2.92%.

HOUSE UNIT
$452,500 N/A
-0.55% N/A
0.00% N/A
2.92% N/A
$400 N/A
73 N/A
4.60% N/A
95.51 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 3286
Median household income ($/weekly) 1609
Median age of persons 32
Median housing loan repayment ($/monthly) 1846
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 321 9.8
    5-14 years 601 18.3
    25-34 years 471 14.3
    35-44 years 556 16.9
    45-54 years 446 13.6
    Others 892 27.1
    Age Group
    Census Count Percent(%)
    Registered Married 1389 66.1
    Not Married 541 25.8
    Defacto Relationship 170 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2960 92.9
    Malta 14 0.4
    Papua New Guinea 45 1.4
    United Kingdom 50 1.6
    Other 51 1.6
    Others 67 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 0.3
    Christianity 2622 87.1
    Islam 11 0.4
    Other Religious Groups 4 0.1
    No Religion 360 12.0
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 70 8.1
    $1,250-$1,499 100 11.6
    $1,500-$1,999 185 21.5
    $2,000-$2,499 137 15.9
    $2,500-$2,999 75 8.7
    Others 294 34.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1094 47.7
    Not in the labour force 564 24.6
    Employed, worked part-time 484 21.1
    Employed, away from work 102 4.4
    Unemployed, looking for work 51 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 203 12.1
    Professionals 235 14.0
    Technicians & trades workers 319 19.0
    Clerical & administrative workers 270 16.1
    Sales 186 11.1
    Others 468 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 52 5.9
    Infants/Primary 429 48.9
    Secondary 236 26.9
    Technical or Further Educational Institution 53 6.0
    University or other Tertiary Institutions 92 10.5
    Others 15 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3043 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 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 587 60.9
    Fully owned 213 22.1
    Rented 160 16.6
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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