At number 452th in the list of Australian suburbs ordered by increase in median house value over the last year, Westmead, 2145 is in the top 20% with a property value increase of 18.06% recorded in median house prices.
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.
In the last year 18 properties changed hands in Westmead, which puts it as the 1151th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $490 mark per week – giving a return of 2.00% based on the median price in Suburb
Westmead is in the bottom 20% in NSW when comparing median price capital growth over the last year. Westmead gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.65%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westmead has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Westmead are currently offering property investors an average price cut of -4.18% below the asking price at the moment.
With the median price for a house in Westmead being $554000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.94%