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Westlake, QLD 4074

Home » QLD Real Estate Data » Western Brisbane, QLD » Westlake, QLD 4074

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 Westlake, QLD 4074 located in Brisbane 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Westlake, QLD 4074”

  1. The total adult population (15 years or older) of Westlake 4074 QLD is 3,677, with a median age of 43. Of those, 62.22% are married, 7.97% are divorced or separated, 26.57% are single and 3.07% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $11,356. The median monthly mortgage repayment for households in this suburb is $2,247 which is 19.79% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in Queensland, the suburb of Westlake 4074 is comprised of roughly 1614 households. Looking to the third quarter of 2023, property buyers can expect average house prices in Westlake to be around $1,094,137. With median weekly rent at $592, this correlates to an indicative yield of 2.81% slightly below the minimum threshold of 3% preferred by investors focusing mainly on cash flow, meaning that cashflow-focused investors specifically might want to survey other options before making a decision. However, it all depends on the investor’s strategy, and those who rely on a mix of yield and growth might still find Westlake an appealing market.

    This residential area boasts a high IRSAD score of 1118 out of 1217, implying a healthy socio-economic condition among the population, characterised by abundant economic resources and high professional skill levels. Renters make up a relatively low 11% of the population, indicating a strong owners market that may help sustain long-term property values with reduced risk of rental property oversaturation and high competition.

    Houses dominate the market, with a unit to house ratio of 0%, which could be appealing to investors as lower proportions of units often correlate with less competition among landlords for tenants, maintaining potentially higher rental yields.

    On the downside, the affordability index stands at 38 years, which is higher than the norm, suggesting Westlake’s real estate market may be less accessible to the average potential homeowner. However, this could also translate to a higher quality tenant base for investors.

    As for the market supply, the stock on market percentage for houses is a low 0.26%, and the inventory level sits at approximately 1.07 months, both values suggesting a favourable supply-demand balance for sellers. Add to that a minimal building approvals ratio of 0.06%, indicating a slow addition of new dwelling supply to the market.

    From the demand perspective, the average Day on Market (DoM) for houses is 71, inferring a moderate level of demand. Yet the low vacancy rate of 0.56% infuses some buoyancy into the demand side of the equation. The buy search index for houses is also a solid 5, on par with the state/city average, hinting at a balanced level of buyer interest in the locale.

    Westlake’s property market landscape advises a strong knowledge of local real estate trends, and it might be beneficial for a certain investment strategy. As always, the key is to stay well-informed about market developments and base your decision on comprehensive analysis using comprehensive tools like the RCS (Relative Composite Score) model developed by HtAG Analytics.

    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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