Over the last year, property investments in Westminster, 6061 have given investors a capital gain of -2.82%. This compares favourably with the -4.91% for WA as a whole.
While Westminster,6061 ranked number 206th in WA for increase in median house value (annualised) increase, it is ranked 206th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Westminster, 6061. Typically our figures indicate that -7.69% is being offered, which puts this WA suburb at 882th most discounted overall in Australia.
On average over the past year, suburb has had 10.50 sales per month, which equates to 126 per year.
Investment property in Westminster has done pretty 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 -3.30%
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.52% offered to property buyers. Sellers in Westminster itself are offering an average vendor discount of -5.38% to real estate investors.
At number 1434 in a list of fastest selling suburbs, Westminster is in the bottom 10% of suburbs in Australia with an average of days on market 146.45 for properties listed there.
Property investors should expect to get $320 weekly from the median priced house in this suburb.