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%