Suburb Profile Report for Westbourne Park SA (5041)

Westbourne Park House: Median price $830,000, Annual capital growth 6.41%, Number of sales 41, Weekly median advertised rent $440

Westbourne Park Unit: Median price $288,000, Annual capital growth 7.22%, Number of sales 12, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Westbourne Park, 5041 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%

If we look at median property appreciation over just the last three months, Westbourne Park has given property investors a paper return of -2.35%. This puts Suburb as 342 on a list of fastest fasting appreciating suburbs in SA

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.41%, investors should hope to achieve an overall return of 2.76%

If you compare the increase in value of investment property in Westbourne Park, 5041 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -6.34%.

Taking the average capital gain, or increase in median house value, Westbourne Park,5041 has racked up an average of -6.34% over the period. This ranks it number 1256th 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 -7.67%. This puts suburb at number 36th in SA when ranking the most discounted suburbs.

With the median price for a house in Westbourne Park being $288000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.06%

HOUSE UNIT
$830,000 $288,000
-2.35% -4.79%
0.00% -6.34%
6.41% 7.22%
$440 $280
41 12
2.76% 5.06%
N/A 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