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Westmead Suburb Insights
VICLocation Information
Suburb Name
Westmead, VIC
Distance from CBD
9.5 kmDemographics
Population
16,309
Median Income
$40,040
Area Information
Area
2.95 km²
Population Density
5528 people/km²
Property Market
Median Price
$960,535
Annual Growth
+6.7%Property Price Trend Analysis
Current Median Price
$960,535
Annual Growth
+6.7%
Quarterly Growth
+2.7%
Price Trends - Last 6 Months
2024-01
$714,241
+10.7%2024-02
$995,352
+11.2%2024-03
$473,644
+14.9%2024-04
$1,032,588
+16.8%2024-05
$1,110,070
+7.1%2024-06
$457,457
+20.8%Property Type Price Analysis
House
Median Price
$1,766,568
Growth Rate
+12.3%Available Listings
397 properties
Apartment
Median Price
$485,812
Growth Rate
+8.3%Available Listings
868 properties
Townhouse
Median Price
$984,051
Growth Rate
+7.5%Available Listings
342 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy