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Westcourt, QLD 4870

Home » QLD Real Estate Data » Cairns Regional, QLD » Westcourt, QLD 4870

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 Westcourt, QLD 4870 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 “Westcourt, QLD 4870”

  1. The total adult population (15 years or older) of Westcourt 4870 QLD is 3,286, with a median age of 41. Of those, 27.21% are married, 17.86% are divorced or separated, 46.44% are single and 8.40% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $6,036. The median monthly mortgage repayment for households in this suburb is $1,300 which is 21.54% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within Queensland, WESTCOURT 4870 is home to approximately 2469 households. As we analyse the real estate landscape for Q3 of 2023, typical prices for houses in this suburb are seen at $456,910, with a median weekly rent of $475. This corresponds to an enticing indicative yield of 5.41%, situating above the 3% threshold, making it a potentially lucrative market for cashflow-focused property investors.

    The socio-economic metric, IRSAD score, is valued at 879 out of 1217, implying a moderately high level of socio-economic resources and offerings. However, the renter to owner ratio sits at 56%, which is slightly above the favourable range, indicative of a dominant rental market. Yet, it’s essential to note that even though higher ratios can signal stiffer competition amongst landlords and a possible negative impact on the overall neighbourhood appeal, every property should still be assessed on its own merits.

    The suburb showcases a units to houses ratio of 63%, suggesting a higher prevalence of units, which is less favourable for property buyers seeking a lower competition for tenants. It may require careful analysis and decision-making for potential investors.

    Illustrating the affordability aspect, the median house here takes approximately 30 years to own, factoring in variables such as interest rates and median family income, assuming a standard 30-year mortgage. This value hovers near the tipping point of decreased affordability.

    In terms of supply, the stock on market Percentage is 1.36%, indicating a slightly higher supply, and the inventory reading demonstrates a level of 3.56 months, which is a neutral supply market. Notably, the building approvals Ratio is 0.0%, suggesting limited upcoming supply in near future.

    Meanwhile, houses average 64 days on the market, suggesting a neutral level of demand. However, complementing this statistic, a meagre vacancy rate of 0.43% shows a strong property demand in this region, while the buy search index sits at 3, another indicator of neutral demand.

    In conclusion, although several metrics of WESTCOURT 4870 sit in the less favorable range, majority of the fundamental metrics are favourable offering potential for property investors. Nonetheless, it is highly recommended to consider the overall trend while making an informed investment decision. The Relative Composite Score (RCS) by HtAG Analytics can significantly ease this task by automatically analysing a variety of such metrics.

    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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