Suburb Profile Report for Westminster WA (6061)

Westminster House: Median price $413,500, Annual capital growth 2.30%, Number of sales 150, Weekly median advertised rent $350

Westminster Unit: Median price $329,000, Annual capital growth -3.32%, Number of sales 19, Weekly median advertised rent $315

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Westminster has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.02%

Over the longer term, Westminster has seen property prices show investors a -1.31% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Westminster are currently offering property investors an average price cut of -8.15% below the asking price at the moment.

Situated 9.62km from the CBD, Westminster is one of Stirling localities in the postcode 6061.

With a capital gain of -7.32% for the last 12 months, Westminster, 6061 has performed for property investments than its average annual -3.32% property growth over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Westminster is offering property investors an average of -8.08. This rate of discount on properties puts Suburb at number 79th in terms of most discounted suburbs in WA

In the last year 19 properties changed hands in Westminster, which puts it as the 85th most active market in WA when comparing the number of sales per suburb.

Advertised rents are around the $315 mark per week – giving a return of 4.98% based on the median price in Suburb

HOUSE UNIT
$413,500 $329,000
-3.61% -1.05%
-6.02% -7.32%
2.30% -3.32%
$350 $315
150 19
4.40% 4.98%
98.27 167.64

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Westminster WA
Demographics
Total population 5175
Median household income ($/weekly) 1082
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 529 10.2
    20-24 years 467 9.0
    25-34 years 1209 23.4
    35-44 years 702 13.6
    45-54 years 520 10.0
    Others 1748 33.8
    Age Group
    Census Count Percent(%)
    Not Married 1891 48.4
    Registered Married 1582 40.5
    Defacto Relationship 435 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2506 52.3
    Indonesia 169 3.5
    Papua New Guinea 144 3.0
    United Kingdom 268 5.6
    Other 692 14.4
    Others 1015 21.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 176 3.8
    Christianity 2962 63.6
    Hinduism 138 3.0
    Islam 317 6.8
    No Religion 981 21.1
    Others 80 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 220 11.9
    $600-$799 177 9.6
    $1,000-$1,249 172 9.3
    $1,250-$1,499 174 9.4
    $1,500-$1,999 249 13.4
    Others 860 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1568 39.9
    Not in the labour force 1377 35.1
    Employed, worked part-time 617 15.7
    Unemployed, looking for work 198 5.0
    Employed, away from work 168 4.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 400 17.0
    Technicians & trades workers 406 17.2
    Community & personal service workers 260 11.0
    Clerical & administrative workers 360 15.3
    Labourers 319 13.5
    Others 610 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 60 5.8
    Infants/Primary 325 31.5
    Secondary 199 19.3
    Technical or Further Educational Institution 184 17.8
    University or other Tertiary Institutions 212 20.6
    Others 51 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2969 60.7
    Semi-detached, row or terrace house, townhouse 1908 39.0
    Flat, unit or apartment 8 0.2
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 898 45.0
    Being purchased 668 33.5
    Fully owned 415 20.8
    Other tenure type 15 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals