Westcourt (postcode 4870) is a compact suburb in Queensland within the Cairns local government area. With a population of 3,841, the suburb has an established family demographic with a median age of 41. Households earn a median income of $62K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Westcourt is $500,000, having grown strongly by 6.4% over the past year. Units have a median price of $320,000 (+16.4% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,300.
The crime rate in the Cairns LGA is higher than average at 11,007 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.1% (high yield). Property prices sit below the state median ($500K/$1.1M), which can point to relative value. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +6.4% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.