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Westbrook, QLD 4350

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 Westbrook, QLD 4350 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

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Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

1BR

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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 “Westbrook, QLD 4350”

  1. The total adult population (15 years or older) of Westbrook 4350 QLD is 3,286, with a median age of 33. Of those, 57.06% are married, 9.74% are divorced or separated, 30.98% are single and 2.34% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $9,292. The median monthly mortgage repayment for households in this suburb is $1,825 which is 19.64% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the Sunshine State of Australia, the suburb of Westbrook 4350, is home to an estimated 1643 households, painting a picture of a tightly-knit community. In Q3 of 2023, the typical house in Westbrook 4350 sells for an average price of $688050, with a median weekly rent of $529. This results in an energising indicative yield of 4.0%, a figure that’s likely to attract cashflow-focused property investors, as it surpasses the minimum attractive market requirement of 3%.

    Westbrook demonstrates favourable socioeconomic conditions, boasting an IRSAD score of 1003 out of 1217. This high rank suggests residents of Westbrook are in a good socioeconomic position with access to economic resources and likely engaged in skilled professions. This makes the area attractive both to potential residents and investors, who can anticipate a dynamic rental and property market.

    The suburb presents a promising and stable property landscape. The renter to owner ratio stands at just 17%, showing potential for good returns as well as less competition among property investors. Similarly, the units to houses ratio is a low 3%, suggesting a market primarily steered by family-catering dwellings and less competition among landlords for tenants.

    The affordability index in Westbrook details that it would typically take 29 years to fully own a property – a figure below the standard 30-year mortgage. This metric spotlights Westbrook as a suburb with high property affordability.

    Delving into supply metrics, the stock on market percentage for houses is a mere 0.12%, well below the 0.4% threshold indicating a low supply. This limited supply is further confirmed with an inventory level of just 0.44 months. The building approvals ratio for houses is a slightly high at 3.67%, suggesting a potential increase in new house supply in the coming months.

    The average number of days houses in Westbrook sit on the market is 70, a moderate demand indicator. At the same time, the vacancy rate for combined houses and units is a reasonable 1.82%, indicating continuous demand for housing. The buy search index for houses stands at 4, providing indications of decent demand.

    In essence, despite some slightly higher or moderate metrics, the promising yield, IRSAD score, favourable owner-renter and units-houses ratios, and other favourable metrics make Westbrook an appealing option for property investors. With the right strategy, investors may find Westbrook to be an exceptional choice for stable, long-term returns and capital growth. As always, it is imperative to stay updated on market trends, even when using the comprehensive Relative Composite Score (RCS) provided 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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