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Westdale, NSW 2340

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Westdale, NSW 2340 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Westdale, NSW 2340”

  1. The total adult population (15 years or older) of Westdale 2340 NSW is 2,155, with a median age of 30. Of those, 41.44% are married, 11.23% are divorced or separated, 44.22% are single and 2.88% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $7,340. The median monthly mortgage repayment for households in this suburb is $1,517 which is 20.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, the suburb of WESTDALE 2340 encompasses an estimated 1,259 households. As of Q3 2023, the typical price for houses here are poised at $552,535. The median weekly rent hovers at $421, indicating a substantial yield of roughly 3.96%. An IRSAD score of 902 out of 1217 suggests a relatively favourable socio-economic status for the inhabitants of this suburb.

    With respect to ownership distribution, the renter to owner ratio stands at 39%, which reflects a considerable market balance. units to houses ratio maintains a lower proportion at a mere 3%, showing that the market is predominantly comprised of individual houses rather than appartments, making it more attractive for family-focused tenants who ideally commit to longer tenancy periods.

    The affordability index for houses in WESTDALE 2340 is reasonably placed at 29 years. This is calculated based on factors such as current interest rates, median family income, and the typical property prices in the suburb.

    The stock on market Percentage for houses in the suburb is slightly above average at 0.87%, indicating a neutral supply. The current inventory level which reflects the absorbency of property market is 2.73 months, placing it within a favourable range, assuring that new listings will be absorbed in a reasonable time-frame.

    The building approvals Ratio, which represents the proportion of newly approved residential buildings, modestly stands at 1.83%. This suggests an average-decent growth rate and development within the area, keeping the market supply in check.

    With an average ‘Days on Market’ value of 28 days for houses in this suburb, the demand seems considerably high. This metric is coupled with a low combined vacancy rate of 0.41% (for houses and units), reinforcing the high demand situation.

    Lastly, the buy search index for houses is 4, indicating a neutral demand. While this is not quite high, the low supply combined with an attractive yield, lower renter to owner ratio, favourably positioned affordability index, and high demand indicated by low vacancy rates and lesser ‘Days on Market’, all contribute to making WESTDALE 2340 an attractive property investment market for investors.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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