Westlake (postcode 4074) is a smaller residential area in Queensland within the Brisbane local government area. The area has roughly 4,547 residents and an established family demographic, with a median age of 43. Households earn a median income of $140K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Westlake stand at $1.2 million, having climbed sharply by 16.9% over the last twelve months. The current median weekly rent is $810. This gives a gross rental yield of approximately 3.4%. 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 6,340 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.4% (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. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.