Suburb Profile Report for Westbrook QLD (4350)

Westbrook House: Median price $500,000, Annual capital growth 2.19%, Number of sales 73, Weekly median advertised rent $470

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

If you compare the increase in value of investment property in Westbrook, 4350 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 5.82%.

While Westbrook,4350 ranked number 322th in QLD for increase in median house value (annualised) increase, it is ranked 696th over the last 5 years.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Westbrook itself are offering an average vendor discount of -4.48% to real estate investors.

At number 866 in a list of fastest selling suburbs, Westbrook is in the TOP 30% of suburbs in Australia with an average of days on market 40.4219 for properties listed there.

With the median price for a house in Westbrook being $500000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.89%

Metrics	HOUSE	UNIT
Median price	$500,000	N/A
Quarterly growth	5.26%	N/A
12-month growth	5.82%	N/A
Average Annual Growth	2.19%	N/A
Weekly median advertised rent	$470	N/A
Number of sales	73	N/A
Gross rental yield	4.89%	N/A
Days on market	40.421875	N/A

DSR Score for property investment : Balanced (U), Very good (H)

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Demographics

Total population	3286
Median household income ($/weekly)	1609
Median age of persons	32
Median housing loan repayment ($/monthly)	1846
Average household size	3.1

Census	Count	Percent(%)
0-4 years	321	9.8
5-14 years	601	18.3
25-34 years	471	14.3
35-44 years	556	16.9
45-54 years	446	13.6
Others	892	27.1

Age Group

Census	Count	Percent(%)
Registered Married	1389	66.1
Not Married	541	25.8
Defacto Relationship	170	8.1

Social Marital Status

Census	Count	Percent(%)
Australia	2960	92.9
Malta	14	0.4
Papua New Guinea	45	1.4
United Kingdom	50	1.6
Other	51	1.6
Others	67	2.1

Country of Birth

Census	Count	Percent(%)
Buddhism	9	0.3
Christianity	2622	87.1
Islam	11	0.4
Other Religious Groups	4	0.1
No Religion	360	12.0
Others	3	0.1

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	70	8.1
$1,250-$1,499	100	11.6
$1,500-$1,999	185	21.5
$2,000-$2,499	137	15.9
$2,500-$2,999	75	8.7
Others	294	34.1

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1094	47.7
Not in the labour force	564	24.6
Employed, worked part-time	484	21.1
Employed, away from work	102	4.4
Unemployed, looking for work	51	2.2

Person Characteristics

Census	Count	Percent(%)
Managers	203	12.1
Professionals	235	14.0
Technicians & trades workers	319	19.0
Clerical & administrative workers	270	16.1
Sales	186	11.1
Others	468	27.8

Occupation

Census	Count	Percent(%)
Pre-school	52	5.9
Infants/Primary	429	48.9
Secondary	236	26.9
Technical or Further Educational Institution	53	6.0
University or other Tertiary Institutions	92	10.5
Others	15	1.7

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	3043	100.0
Semi-detached, row or terrace house, townhouse	0	0.0
Flat, unit or apartment	0	0.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0