Westbourne Park has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 8.13% to date .
While Westbourne Park,5041 ranked number 248th in SA for increase in median house value (annualised) increase, it is ranked 24th over the last 5 years.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Westbourne Park, 5041’s gross rental yield is 2.41%
If you compare the increase in value of investment property in Westbourne Park, 5041 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 4.90%.
Our latest figures would indicate that property sellers in Westbourne Park are currently offering property investors an average price cut of -8.15% below the asking price at the moment.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 5.08%.