Suburb Profile Report for Westmead NSW (2145)

Westmead House: Median price $1,420,000, Annual capital growth 11.46%, Number of sales 27, Weekly median advertised rent $500

Westmead Unit: Median price $580,000, Annual capital growth 6.12%, Number of sales 185, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Westmead, 2145 have given investors a capital gain of 5.56%. This compares badly with the 10.25% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Westmead,2145 has racked up an average of 5.56% over the period. This ranks it number 221th in the whole country for real estate investors looking at median house price increases.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

Westmead is in the bottom 30% in NSW when comparing median price capital growth over the last year. Westmead gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.30%.

Over the longer term, Westmead has seen property prices show investors a 19.18% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Westmead is offering property investors an average of -4.44. This rate of discount on properties puts Suburb at number 360th in terms of most discounted suburbs in NSW

At number 379 in a list of fastest selling suburbs, Westmead is in the TOP 30% of suburbs in Australia with an average of days on market 51.31 for properties listed there.

Property investors should expect to get $470 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,420,000 $580,000
-0.70% 0.00%
9.23% 2.43%
11.46% 6.12%
$500 $470
27 185
1.83% 4.21%
N/A 51.21

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 14171
Median household income ($/weekly) 1475
Median age of persons 31
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    0-4 years 1328 9.4
    5-14 years 1443 10.2
    25-34 years 4296 30.3
    35-44 years 2357 16.6
    45-54 years 1351 9.5
    Others 3396 24.0
    Age Group
    Census Count Percent(%)
    Registered Married 5822 57.4
    Not Married 3926 38.7
    Defacto Relationship 401 4.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4269 32.1
    Croatia 814 6.1
    Indonesia 4203 31.6
    Sri Lanka 622 4.7
    Other 1273 9.6
    Others 2119 15.9
    Country of Birth
    Census Count Percent(%)
    Christianity 4597 35.3
    Hinduism 4658 35.8
    Islam 1126 8.7
    Other Religious Groups 578 4.4
    No Religion 1562 12.0
    Others 493 3.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 446 9.8
    $1,250-$1,499 466 10.3
    $1,500-$1,999 768 17.0
    $2,000-$2,499 468 10.3
    $2,500-$2,999 511 11.3
    Others 1870 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4849 45.4
    Not in the labour force 3523 33.0
    Employed, worked part-time 1449 13.6
    Unemployed, looking for work 535 5.0
    Employed, away from work 324 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 518 7.8
    Professionals 2421 36.6
    Technicians & trades workers 617 9.3
    Clerical & administrative workers 1037 15.7
    Labourers 542 8.2
    Others 1484 22.4
    Occupation
    Census Count Percent(%)
    Pre-school 217 7.0
    Infants/Primary 983 31.7
    Secondary 489 15.8
    Technical or Further Educational Institution 355 11.5
    University or other Tertiary Institutions 840 27.1
    Others 214 6.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 8279 64.5
    Separate house 2958 23.0
    Semi-detached, row or terrace house, townhouse 1597 12.4
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3018 62.8
    Being purchased 1138 23.7
    Fully owned 606 12.6
    Other tenure type 40 0.8
    Tenure Type
Census 2011, ABS
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