Suburb Profile Report for Westmead NSW (2145)

Westmead House: Median price $1,275,000, Annual capital growth 7.73%, Number of sales 18, Weekly median advertised rent $490

Westmead Unit: Median price $554,000, Annual capital growth 4.44%, Number of sales 199, Weekly median advertised rent $420

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

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$1,275,000 $554,000
-2.52% -1.07%
18.06% -3.65%
7.73% 4.44%
$490 $420
18 199
2.00% 3.94%
N/A 53.7073170731707

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. 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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