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:
Westminster, WA – Demand needs to balance out new supply
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.