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Investment Property Westmead, NSW, 2145

Suburb Snapshot

Westmead is a suburb in the Parramatta Region of New South Wales. Westmead has a population of 16,306 people and 58.04% of its occupants live in rental accommodation. The median listing price for houses is $1,699,000 and this has changed 8.91% over the past year and changed 15.18% over 2 years.

The median rent in Westmead for houses is $665 per week and the median rental yield is 2.03%. Stock on the market for houses/townhouses has changed -27.27% compared to last year and the average time to sell a house/townhouse is 75 days.The median listing price for units is $550,000 and this has changed 1.85% over the past year. The average unit takes 112 days to sell and the median rent for a unit in Westmead is $600 per week, producing a rental yield of 5.67%.

Supply & Demand in Westmead, Parramatta

2.20%

Current vacancy rate


169

Rental stock available


16,306

Population


58.04%

Rental population


1.64%

Current vacancy rate


1,829

Rental stock available


226,155

Population


37.68%

Rental population


1.02%

Current vacancy rate


37,155

Rental stock available


7,480,223

Population


27.79%

Rental population


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Statistical data for Westmead, Parramatta

  House Townhouses Units
Median listing price $1,699,000 NA $550,000
Median price change - last quarter -2.92% NA 0.00%
Median price change - 1 year 8.91% NA 1.85%
Median price change - 2 years 15.18% NA 1.85%
  House Townhouses Units
Median weekly rent $665 $650 $600
Median yield % 2.03% NA 5.67%
Median rent change - 1 year 10.83% 8.33% 5.26%
  House Units
Previous month sales 1 28
Stock on market previous month 8 106
Stock variance vs. last year -27.27% 0.00%
Average days on market 75 112

Westmead investment property listings

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