Suburb Profile Report for Westbury TAS (7303)

Westbury House: Median price $377,166, Annual capital growth 4.01%, Number of sales 46, Weekly median advertised rent $280

  • 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.

  • House Report

Property investors who have had real estate in Westbury, 7303 should be relatively unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.72%

The five-year average increase in median property values for Westbury,7303 has given property investors a potential capital gain of 45.06% across each of those five years.

At number 2nd of TAS’s most discounted properties, Westbury is in the bottom 10% of the state/territory when listing in order of most discounted to least.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 3.86%, without taking into account capital value appreciation, which has been averaging out at 4.01%.

Metrics i HOUSE UNIT
$377,166 N/A
4.19% N/A
6.72% N/A
4.01% N/A
$280 N/A
46 N/A
3.86% N/A
46.7 N/A

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.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2104
Median household income ($/weekly) 828
Median age of persons 45
Median housing loan repayment ($/monthly) 1242
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 256 12.2
    35-44 years 257 12.2
    45-54 years 366 17.4
    55-64 years 353 16.8
    65-74 years 211 10.0
    Others 661 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 851 53.1
    Not Married 544 33.9
    Defacto Relationship 208 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1743 86.8
    New Zealand 18 0.9
    Papua New Guinea 30 1.5
    United Kingdom 144 7.2
    Other 18 0.9
    Others 56 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1410 73.1
    No Religion 499 25.9
    Other Religious Groups 10 0.5
    Buddhism 8 0.4
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 88 11.2
    $400-$599 125 15.9
    $600-$799 110 14.0
    $800-$999 83 10.6
    $1,000-$1,249 85 10.8
    Others 293 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 681 41.6
    Employed, worked full-time 518 31.6
    Employed, worked part-time 335 20.5
    Unemployed, looking for work 52 3.2
    Employed, away from work 51 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 135 15.0
    Professionals 127 14.1
    Technicians & trades workers 138 15.3
    Community & personal service workers 108 12.0
    Labourers 115 12.7
    Others 279 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 15 3.6
    Infants/Primary 163 38.8
    Secondary 142 33.8
    Technical or Further Educational Institution 55 13.1
    University or other Tertiary Institutions 36 8.6
    Others 9 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1900 95.2
    Flat, unit or apartment 72 3.6
    House or flat attached to a shop, office 11 0.6
    Semi-detached, row or terrace house, townhouse 8 0.4
    Caravan, cabin, houseboat 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 352 42.0
    Being purchased 308 36.8
    Rented 178 21.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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