Suburb Profile Report for Westbourne Park SA (5041)

Westbourne Park House: Median price $820,000, Annual capital growth 5.97%, Number of sales 42, Weekly median advertised rent $450

Westbourne Park Unit: Median price $300,000, Annual capital growth 7.55%, 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

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 decrease in value by -1.26%

While Westbourne Park,5041 ranked number 387th in SA for increase in median house value (annualised) increase, it is ranked 37th over the last 5 years.

Property buyers and investors in Westbourne Park 5041 should be seeing an average reduction in asking price of around -8.46% . This means that Westbourne Park is holding prices well when compared to other suburbs in SA.

At number 2126 in a list of fastest selling suburbs, Westbourne Park is just in the bottom half of suburbs in Australia with an average of days on market 87.45 for properties listed there.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Westbourne Park, 5041 ranked 73th in SA when comparing growth in median property values or capital gain over the last 12 months. Westbourne Park is one of 853 in our list for SA

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westbourne Park has fallen somewhat when compared to the 5 year average annual rate.

At number 29th of SA’s most discounted properties, Westbourne Park is in the bottom 20% of the state/territory when listing in order of most discounted to least.

In the last year 11 properties changed hands in Westbourne Park, which puts it as the 192th most active market in SA when comparing the number of sales per suburb.

HOUSE UNIT
$820,000 $300,000
-3.70% -0.83%
-1.26% 5.82%
5.97% 7.55%
$450 $280
42 11
2.85% 4.85%
87.45 130

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