Suburb Profile Report for Westminster WA (6061)

Westminster House: Median price $400,000, Annual capital growth 1.34%, Number of sales 146, Weekly median advertised rent $340

Westminster Unit: Median price $329,000, Annual capital growth -2.82%, Number of sales 17, Weekly median advertised rent $310

  • 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 -8.05%

Comparing Westminster,6061 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Westminster should be aiming for at least -8.03% off the asking price, which is the average vendor discount being achieved at the moment.

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 -7.32%

At number 71th of WA’s most discounted properties, Westminster is in the TOP 30% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

Using the current median advertised rental of $310 and the average annual increase in value of a median property of -2.82%, investors should hope to achieve an overall return of 4.90%

Metrics i HOUSE UNIT
$400,000 $329,000
-3.15% N/A
-8.05% -7.32%
1.34% -2.82%
$340 $310
146 17
4.42% 4.90%
95.66 171.53

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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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