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