Westlake is a smaller suburb in Queensland within the Brisbane local government area (postcode 4074). With a population of 4,547, the suburb has an established demographic with a median age of 43. Households earn a median income of $140K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Westlake is $1.2 million, having surged 16.9% over the past year. The current median weekly rent is $790. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,247.
Public transport access includes 8 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Westlake offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 8.9x is considered moderate. House prices have moved +16.9% year-on-year.
Westlake is a smaller suburb in Queensland within the Brisbane local government area (postcode 4074). With a population of 4,547, the suburb has an established demographic with a median age of 43. Households earn a median income of $140K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Westlake is $1.2 million, having surged 16.9% over the past year. The current median weekly rent is $790. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,247.
Public transport access includes 8 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Westlake offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 8.9x is considered moderate. House prices have moved +16.9% year-on-year.