Suburb Profile Report for Westmead NSW (2145)

Westmead House: Median price $962,500, Annual capital growth 7.87%, Number of sales 16, Weekly median advertised rent $480

Westmead Unit: Median price $559,000, Annual capital growth 5.59%, Number of sales 152, Weekly median advertised rent $460

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Westmead, 2145 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -23.06%

The five-year average increase in median property values for Westmead,2145 has given property investors a potential capital gain of 22.61% across each of those five years.

With the median price for a house in Westmead being $962500 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 2.59%

With a capital gain of -6.05% for the last 12 months, Westmead, 2145 has performed for property investments than its average annual 5.59% property growth over the last 5 years.

Westmead,2145 has offered an average of -6.05% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Westmead is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 133th in terms of most discounted suburbs in NSW

Metrics i HOUSE UNIT
$962,500 $559,000
-9.20% -0.89%
-23.06% -6.05%
7.87% 5.59%
$480 $460
16 152
2.59% 4.28%
74.6363636363637 74.1162790697675

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (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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