Located in Tasmania within the Meander Valley local government area, Westbury is a smaller residential area (postcode 7303). The area has roughly 2,272 residents and a settled, mature resident base, with a median age of 49. Households earn a median income of $58K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Westbury has a median house price of $563,000, which has dropped significantly by 11.7% year-on-year. Units have a median price of $478,000 (+17.9% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 3.7%. 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.
On the investment side, Westbury shows a gross rental yield of approximately 3.7%, rated as moderate 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. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.