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Westmead, NSW 2145

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 Westmead, NSW 2145 located in Sydney 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 “Westmead, NSW 2145”

  1. The total adult population (15 years or older) of Westmead 2145 NSW is 13,082, with a median age of 33. Of those, 57.86% are married, 7.87% are divorced or separated, 30.92% are single and 3.39% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,468. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.12% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, the suburb of WESTMEAD 2145 is an intriguing property market that offers exciting opportunities for the diligent property investor. The suburb is home to approximately 7837 households, making it a sizeable community for potential property investments.

    Coming to housing sector trends for Q3 2023, the typical price for a house in WESTMEAD 2145 stands at $1,565,654. With median weekly rents calculated at $559, the indicative yield is 1.86%, which is below the minimum attractive market requirement of 3% for cashflow-focused property investors.

    Let’s delve into the fundamental metrics. The socio-economic score for the suburb, IRSAD, is an impressive 1050 /1217 indicating a relatively affluent community with considerable access to economic resources. However, the renter to owner ratio is 68%, far above the 30% optimum, indicating a market with a high proportion of rental properties, which could mean fierce competition and potentially lower long-term returns. Greater attention must be paid to this significant investor-centric indicator. Compounding this challenge, it presents an elevated units to houses ratio of 86%, surpassing the ideal of 50%, suggesting a substantial number of units in the market that could lead to saturation and price drops under certain conditions.

    On the affordability index, the area tips the scales at 65 years, demonstrating that the locale’s property market might be beyond the reach of many prospective buyers, and is considered less favourable for an investment.

    Turning to supply, the stock on market Percentage for houses is a mere 0.25%, indicating a market favourable for sellers due to low supply. Existing inventory can be absorbed within 1.04 months, presenting a boon for investors seeking a rapid sales turn around. However, the Building Approval Ratio of 2.63% signifies an upcoming increase in the house supply, tipping the balance towards a less favourable condition.

    In terms of demand, the area attracts significant interest with properties spending just 19 days on the market, suggesting a high demand for houses in the suburb. Assisting this, the vacancy rate, combining units and houses, remains relatively low at 1.12%. However, the buy search index for houses sits at 3, indicating a moderate demand, which is something to monitor.

    In summary, while WESTMEAD 2145 presents potential challenges in terms of its renter to owner ratio and units to houses ratio, its exceptional socio-economic score, low days on market, limited vacancy and current low supply make it a property market worth your attention. As always, an observant eye on the market, leveraging tools like HtAG Analytics’ RCS Metric, will be key to identifying profitable real estate investment opportunities.

    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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