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Westbourne Park, SA 5041

Home » SA Real Estate Data » City of Mitcham, SA » Westbourne Park, SA 5041

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 Westbourne Park, SA 5041 located in Adelaide 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 “Westbourne Park, SA 5041”

  1. The total adult population (15 years or older) of Westbourne Park 5041 SA is 2,140, with a median age of 44. Of those, 50.98% are married, 9.02% are divorced or separated, 31.36% are single and 8.36% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $11,324. The median monthly mortgage repayment for households in this suburb is $2,167 which is 19.14% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled comfortably in the heart of South Australia is the suburb of Westbourne Park 5041, a residential enclave holding approximately 1,035 households. In Q3 of 2023, typical property prices for houses in Westbourne Park 5041 reflect an average value of $1,237,469 AUD. These homes yield a median weekly rent of $651, culminating in an indicative yield of 2.74%.

    While this yield may fall slightly below the deemed attractive market threshold of 3%, it’s important to balance this with the area’s palatable socio-economic scoring. With an IRSAD score of 1094 out of 1217, the residents of Westbourne Park enjoy relatively high access to economic resources and are likely to be in skilled professions.

    In terms of ownership dynamics within the suburb, the renter to owner ratio errs on the favourable side at only 22%. Coupled with a balanced units to houses ratio of 28%, property investors won’t face extreme competition for rental property seekers. Focus also extends to the Affordability Index, which sits at 43 years in Westbourne Park. Although exceeding the standard 30-year mortgage period, the general attractiveness of the area could potentially offer longer-term returns.

    Key supply metrics for the suburb are in the positive zone, with the stock on market Percentage for houses appealingly low at just 0.13%, and an inventory level of just 0.52 months. With the building approvals Ratio for houses at 0.0%, there’s limited upcoming supply to disturb the balance.

    Tracking the neighbourhood’s demand dynamics brings to light a days on market figure of 52 for houses, hinting at substantial interest. This interest is affirmed by a low vacancy rate (across houses and units) of 1.33% suggesting a healthy rental demand environment.

    Further solidifying the area’s robust demand profile is the Buy Search Index, which sits at an encouraging level of 6 for houses. This data points to a consistent and high-level interest of potential buyers actively seeking properties in this vicinity.

    Overall, Westbourne Park 5041 holds a reliably stable property market with promising potential for savvy property investors. It’s valuable to understand these myriad metrics and trends in detail to guide strategic investment decisions. State of the art metrics such as the Relative Composite Score (RCS) developed by HtAG Analytics can provide a holistic review of over 80 metrics to streamline this process.

    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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