Suburb Profile Report for Westminster WA (6061)

Westminster House: Median price $335,000, Annual capital growth -0.90%, Number of sales 75, Weekly median advertised rent $320

Westminster Unit: Median price $258,000, Annual capital growth -3.29%, Number of sales 35, Weekly median advertised rent $300

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$335,000 $258,000
-1.18% -2.27%
-10.67% -10.26%
-0.90% -3.29%
$320 $300
75 35
4.97% 6.05%
101.679245283019 86.4782608695652

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (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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