At number 3447th in the list of Australian suburbs ordered by increase in median house value over the last year, Westminster, 6061 is in the BOTTOM 20% with a property value increase of -10.67% recorded in median house prices.
If we look at median property appreciation over just the last three months, Westminster has given property investors a paper return of -1.18%. This puts Suburb as 269 on a list of fastest fasting appreciating suburbs in WA
Vendor discounting in Westminster is giving property investors an average Vendor Discount of around -7.48%. This puts suburb at number 236th in WA when ranking the most discounted suburbs.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at -0.90%.
Property value increases in Westminster have tracked just lower than the WA average of -6.57% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westminster has fallen somewhat when compared to the 5 year average annual rate.
The most recent median price for Westminster is $258000, with sellers offering an average of -8.47% off the asking price.
Westminster, 6061’s gross rental yield is 6.05%