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Westminster, WA 6061

Home » WA Real Estate Data » City of Stirling, WA » Westminster, WA 6061

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 Westminster, WA 6061 located in Perth 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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Yield 

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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 “Westminster, WA 6061”

  1. The total adult population (15 years or older) of Westminster 6061 WA is 5,745, with a median age of 34. Of those, 41.08% are married, 14.90% are divorced or separated, 40.05% are single and 3.99% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,524. The median monthly mortgage repayment for households in this suburb is $1,517 which is 23.25% of their earnings.

    Source: ABS Census Data (2021)

  2. The Western Australian suburb of Westminster, postcode 6061, boasts an estimated 3503 households. In the third quarter of 2023, the typical price for houses in this area is set at $448,550, accompanied by a median weekly rental cost of $428. This property environment culminates in an impressive indicative yield of 4.96%, surpassing the basic attractive market requirement for finance-oriented property investors.

    Westminster holds an IRSAD score of 926 out of 1217, demonstrating the suburb’s robust socio-economic status. Meanwhile, the renter to owner ratio of 44% is notably high, prompting investors to remain vigilant about competition, but it’s worth noting that if balanced by other positive indicators, such values can be acceptable. Additionally, the units to houses ratio for this area stands at a favourable 18%, an aspect that lessens competition among landlords while simplifying the maintenance of higher rental yields.

    Shifting the spotlight towards affordability, Westminster reflects notable accessibility with the affordability index for houses determined at 27 years. This figure, being under 30 years, indicates high affordability and is a favourable characteristic in the eyes of potential homeowners.

    In terms of supply metrics, houses in Westminster register a stock on the market percentage of 0.6% and an inventory level of 1.36 months, both of which signify favourable conditions due to low supply. Likewise, the area exhibits a low building approvals Ratio of 0.83%, further validating the limited property supply in the market.

    Regarding the demand metrics, houses stay on market for a slightly elevated 47 days, indicating a slower market but still within a neutral range. The extremely low vacancy rate of 0.19% fortifies the notion of high demand against relatively limited supply in the suburb. Interestingly, the buy search index for the premises is recorded at 3, implying a demand level that’s roughly at the state/city average.

    In conclusion, while the suburb of Westminster presents a high renter to owner ratio and an average Buy Search Index, the rest of the metrics fall into the favourable ranges, thereby positioning it as an enticing prospect for property investors and buyers’ agents. Leveraging the multitude of HtAG Analytics’ RCS, further research can be automated to maintain a sturdy comprehension of the property market status in Westminster.

    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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