Suburb Profile Report for Westminster WA (6061)

Westminster House: Median price $330,000, Annual capital growth -1.35%, Number of sales 87, Weekly median advertised rent $320

Westminster Unit: Median price $245,000, Annual capital growth -4.42%, Number of sales 29, Weekly median advertised rent $330

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

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

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Westminster, 6061 have given investors a capital gain of -2.94%. This compares averagely with the -1.74% for WA as a whole.

Westminster,6061 was ranked 2405 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Westminster is offering property investors an average of -8.00. This rate of discount on properties puts Suburb at number 136th in terms of most discounted suburbs in WA

On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.

Westminster is 141th on a list of best yielding suburbs for rents in WA with a 5.04% return

Westminster, 6061 ranked 68th in WA when comparing growth in median property values or capital gain over the last 12 months. Westminster is one of 1662 in our list for WA

Comparing Westminster,6061 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Westminster is 22th on a list of best yielding suburbs for rents in WA with a 7.00% return

Information supplied by:




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Westminster, WA – Demand needs to balance out new supply

Postcode: 6061 

Median house price: $332,500

Stock on market: 49.5%

12-month growth: -11.3%

Roughly 10km north of the Perth CBD is the suburb of Westminster, which once formed the southern portion of Balga.

Westminster has been praised for its peaceful environment and accessibility. It’s very appealing to families, given how near it is to both work and school. It is also just a short distance from the beach, making it easy to find a place to kick back and relax after a long week. There’s an Aldi supermarket in Westminster, and the Mirrabooka Shopping Centre is nearby.

The suburb offers reasonable rental returns for investors; however, the supply of houses in the area has also increased, which could affect demand levels.

Metrics i HOUSE UNIT
$330,000 $245,000
0.00% -0.61%
-2.94% -10.09%
-1.35% -4.42%
$320 $330
87 29
5.04% 7.00%
94.8524590163934 99.2666666666667

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

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 5175
Median household income ($/weekly) 1082
Median age of persons 32
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 529 10.2
    20-24 years 467 9.0
    25-34 years 1209 23.4
    35-44 years 702 13.6
    45-54 years 520 10.0
    Others 1748 33.8
    Age Group
    Census Count Percent(%)
    Not Married 1891 48.4
    Registered Married 1582 40.5
    Defacto Relationship 435 11.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2506 52.3
    Indonesia 169 3.5
    Papua New Guinea 144 3.0
    United Kingdom 268 5.6
    Other 692 14.4
    Others 1015 21.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 176 3.8
    Christianity 2962 63.6
    Hinduism 138 3.0
    Islam 317 6.8
    No Religion 981 21.1
    Others 80 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 220 11.9
    $600-$799 177 9.6
    $1,000-$1,249 172 9.3
    $1,250-$1,499 174 9.4
    $1,500-$1,999 249 13.4
    Others 860 46.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1568 39.9
    Not in the labour force 1377 35.1
    Employed, worked part-time 617 15.7
    Unemployed, looking for work 198 5.0
    Employed, away from work 168 4.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 400 17.0
    Technicians & trades workers 406 17.2
    Community & personal service workers 260 11.0
    Clerical & administrative workers 360 15.3
    Labourers 319 13.5
    Others 610 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 60 5.8
    Infants/Primary 325 31.5
    Secondary 199 19.3
    Technical or Further Educational Institution 184 17.8
    University or other Tertiary Institutions 212 20.6
    Others 51 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2969 60.7
    Semi-detached, row or terrace house, townhouse 1908 39.0
    Flat, unit or apartment 8 0.2
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 898 45.0
    Being purchased 668 33.5
    Fully owned 415 20.8
    Other tenure type 15 0.8
    Tenure Type
Census 2011, ABS
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