Suburb Profile Report for Westbourne Park SA (5041)

Westbourne Park House: Median price $820,000, Annual capital growth 5.66%, Number of sales 39, Weekly median advertised rent $450

Westbourne Park Unit: Median price $300,000, Annual capital growth 8.39%, Number of sales 11, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3085th in the list of Australian suburbs ordered by increase in median house value over the last year, Westbourne Park, 5041 is in the BOTTOM 30% with a property value increase of -1.20% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Westbourne Park,5041 has racked up an average of -1.20% over the period. This ranks it number 1817th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Westbourne Park is giving property investors an average Vendor Discount of around -8.46%. This puts suburb at number 63th in SA when ranking the most discounted suburbs.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

Advertised rents are around the $450 mark per week – giving a return of 2.85% based on the median price in Suburb

At number 1338th in the list of Australian suburbs ordered by increase in median house value over the last year, Westbourne Park, 5041 is in the BOTTOM 30% with a property value increase of -3.23% recorded in median house prices.

Vendor discounting in Westbourne Park is giving property investors an average Vendor Discount of around -7.67%. This puts suburb at number 26th in SA when ranking the most discounted suburbs.

In the last year 11 properties changed hands in Westbourne Park, which puts it as the 190th most active market in SA when comparing the number of sales per suburb.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 8.39%, investors should hope to achieve an overall return of 4.85%

Metrics i HOUSE UNIT
$820,000 $300,000
-3.70% N/A
-1.20% -3.23%
5.66% 8.39%
$450 $280
39 11
2.85% 4.85%
89.4 130

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 2481
Median household income ($/weekly) 1681
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 334 13.5
    25-34 years 287 11.6
    35-44 years 346 13.9
    45-54 years 361 14.5
    55-64 years 310 12.5
    Others 844 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 961 53.7
    Not Married 699 39.0
    Defacto Relationship 131 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1980 82.1
    Croatia 23 1.0
    Indonesia 42 1.7
    United Kingdom 114 4.7
    Other 59 2.4
    Others 195 8.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 1.4
    Christianity 1523 66.1
    Hinduism 42 1.8
    Islam 12 0.5
    No Religion 684 29.7
    Others 10 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 80 10.2
    $1,500-$1,999 111 14.2
    $2,000-$2,499 71 9.1
    $2,500-$2,999 87 11.1
    $3,000-$3,499 73 9.3
    Others 362 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 757 38.3
    Not in the labour force 628 31.8
    Employed, worked part-time 475 24.0
    Employed, away from work 69 3.5
    Unemployed, looking for work 47 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 185 14.3
    Professionals 462 35.6
    Community & personal service workers 126 9.7
    Clerical & administrative workers 179 13.8
    Sales 128 9.9
    Others 217 16.7
    Occupation
    Census Count Percent(%)
    Pre-school 33 4.6
    Infants/Primary 246 34.6
    Secondary 175 24.6
    Technical or Further Educational Institution 59 8.3
    University or other Tertiary Institutions 188 26.5
    Others 9 1.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1922 85.0
    Flat, unit or apartment 290 12.8
    Semi-detached, row or terrace house, townhouse 48 2.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 342 40.1
    Being purchased 302 35.4
    Rented 202 23.7
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals