Westmead is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2145). With a population of 16,555, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $111K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Chinese, English.
The median house price in Westmead is $1.8 million, having declined 7.6% over the past year. Units have a median price of $580,000 (-0.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,000.
Westmead is served by 9 schools, including 4 primary, 2 secondary, 3 special. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 2 tram stops, 30 bus stops. Healthcare facilities include 3 public and 4 private hospitals. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Westmead offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 16.6x is considered stretched. House prices have moved -7.6% year-on-year.
Westmead is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2145). With a population of 16,555, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $111K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Chinese, English.
The median house price in Westmead is $1.8 million, having declined 7.6% over the past year. Units have a median price of $580,000 (-0.2% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,000.
Westmead is served by 9 schools, including 4 primary, 2 secondary, 3 special. The average ICSEA score is 1091, which is above the national average of 1,000. Public transport access includes 2 tram stops, 30 bus stops. Healthcare facilities include 3 public and 4 private hospitals. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Westmead offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 16.6x is considered stretched. House prices have moved -7.6% year-on-year.