Suburb Profile Report for Westmead NSW (2145)

Westmead House: Median price $962,500, Annual capital growth 7.57%, Number of sales 18, Weekly median advertised rent $488

Westmead Unit: Median price $540,000, Annual capital growth 5.08%, Number of sales 164, 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 Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Westmead, 2145 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -24.83%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westmead has increased when compared to the 5 year average annual rate.

On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.

A $487.5 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 7.57%.

Property investors who have had real estate in Westmead, 2145 should be relatively 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 -7.69%

While Westmead,2145 ranked number 404th in NSW for increase in median house value (annualised) increase, it is ranked 371th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Westmead is offering property investors an average of -6.75. This rate of discount on properties puts Suburb at number 165th in terms of most discounted suburbs in NSW

Residents and property investors in Westmead have been waiting around 71.3488 days to sell a property.

Metrics i HOUSE UNIT
$962,500 $540,000
-0.26% -2.97%
-24.83% -7.69%
7.57% 5.08%
$488 $460
18 164
2.63% 4.43%
70.8333333333333 71.3488372093023

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (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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