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Investment Property Westcourt, QLD, 4870

Suburb Snapshot

Westcourt is a suburb in the Cairns Region of Queensland. Westcourt has a population of 3,921 people and 51.45% of its occupants live in rental accommodation. The median listing price for houses is $559,000 and this has changed 21.78% over the past year and changed 25.75% over 2 years.

The median rent in Westcourt for houses is $550 per week and the median rental yield is 5.11%. Stock on the market for houses/townhouses has changed 80.00% compared to last year and the average time to sell a house/townhouse is 42 days.The median listing price for units is $320,000 and this has changed 7.02% over the past year. The average unit takes 67 days to sell and the median rent for a unit in Westcourt is $390 per week, producing a rental yield of 6.33%.

Supply & Demand in Westcourt, Cairns

0.66%

Current vacancy rate


14

Rental stock available


3,921

Population


51.45%

Rental population


0.76%

Current vacancy rate


617

Rental stock available


156,898

Population


32.50%

Rental population


0.87%

Current vacancy rate


20,766

Rental stock available


4,703,187

Population


29.39%

Rental population


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Statistical data for Westcourt, Cairns

  House Townhouses Units
Median listing price $559,000 NA $320,000
Median price change - last quarter 4.48% NA 3.22%
Median price change - 1 year 21.78% NA 7.02%
Median price change - 2 years 25.75% NA 16.36%
  House Townhouses Units
Median weekly rent $550 $480 $390
Median yield % 5.11% NA 6.33%
Median rent change - 1 year 5.76% NA 2.63%
  House Units
Previous month sales 1 2
Stock on market previous month 9 18
Stock variance vs. last year 80.00% -40.00%
Average days on market 42 67

Westcourt investment property listings

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