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Investment Property Westminster, WA, 6061

Suburb Snapshot

Westminster is a suburb in the Stirling Region of Western Australia. Westminster has a population of 6,200 people and 36.01% of its occupants live in rental accommodation. The median listing price for houses is $650,000 and this has changed 36.84% over the past year and changed 51.51% over 2 years.

The median rent in Westminster for houses is $620 per week and the median rental yield is 4.96%. Stock on the market for houses/townhouses has changed -13.21% compared to last year and the average time to sell a house/townhouse is 56 days.The median listing price for units is $500,000 and this has changed 42.85% over the past year. The average unit takes 46 days to sell and the median rent for a unit in Westminster is $580 per week, producing a rental yield of 6.03%.

Supply & Demand in Westminster, Stirling

0.74%

Current vacancy rate


25

Rental stock available


6,200

Population


36.01%

Rental population


0.64%

Current vacancy rate


684

Rental stock available


210,208

Population


28.40%

Rental population


0.63%

Current vacancy rate


7,731

Rental stock available


2,474,414

Population


23.98%

Rental population


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Statistical data for Westminster, Stirling

  House Townhouses Units
Median listing price $650,000 $622,500 $500,000
Median price change - last quarter 4.25% 4.34% 0.20%
Median price change - 1 year 36.84% 33.15% 42.85%
Median price change - 2 years 51.51% 56.01% 43.26%
  House Townhouses Units
Median weekly rent $620 $635 $580
Median yield % 4.96% 5.30% 6.03%
Median rent change - 1 year 19.23% 15.45% 20.83%
  House Units
Previous month sales 15 2
Stock on market previous month 46 8
Stock variance vs. last year -13.21% 166.67%
Average days on market 56 46

Westminster investment property listings

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