Westbury is a smaller suburb in Tasmania within the Meander Valley local government area (postcode 7303). With a population of 2,272, the suburb has a mature demographic with a median age of 49. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Westbury is $563,000, having dropped significantly 11.7% over the past year. Units have a median price of $478,000 (+17.9% YoY). The median weekly rent is $260 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,249.
Westbury is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 5 bus stops.
From an investment perspective, Westbury offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($563K/$750K). The price-to-income ratio of 9.6x is considered moderate. House prices have moved -11.7% year-on-year.
Westbury is a smaller suburb in Tasmania within the Meander Valley local government area (postcode 7303). With a population of 2,272, the suburb has a mature demographic with a median age of 49. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Westbury is $563,000, having dropped significantly 11.7% over the past year. Units have a median price of $478,000 (+17.9% YoY). The median weekly rent is $260 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,249.
Westbury is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 5 bus stops.
From an investment perspective, Westbury offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($563K/$750K). The price-to-income ratio of 9.6x is considered moderate. House prices have moved -11.7% year-on-year.