Westlake QLD 4074

Here you can find what you need to know about Westlake, QLD, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$750k Median Sale Price (National Average $485k) 137th In QLD
7.76% Median Price Change (1 yr) (National Average 4.30%) 170th In QLD
$580pw Median Rent (National Average $395) 91st In QLD
4.0% Median Gross Yield (National Average 4.24%) 610th In QLD
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Properties sold 63
Average discounting -6.32%
Average Days on Market 53
Stock on Market 22 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Westlake, QLD National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Westlake, QLD National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Westlake, QLD National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Westlake


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State Auction Clearance Rates - August 2019

Auctions Clearance rate
QLD 103 47%
ACT 24 82%
NSW 444 82%
NT 7 33%
SA 47 70%
TAS 2 100%
VIC 588 78%
WA 13 71%

Local Schools


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Suburb Information

Westlake, QLD 4074

Part of: Brisbane - Sherwood Council No data available

The size of Westlake is approximately 2.2 square kilometres. It has 7 parks covering nearly 6.7% of total area. The population of Westlake in 2011 was 4,380 people. By 2016 the population was 4,353 showing a population decline of 0.6% in the area during that time. The predominant age group in Westlake is 50-59 years. Households in Westlake are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Westlake work in a professional occupation. In 2011, 86.6% of the homes in Westlake were owner-occupied compared with 87.3% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Westlake

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Westlake   for Houses in last 12 months


There have been 61 Houses sold in Westlake in the past 12 months with a median sale price of $750K, up 9.34% annually. It takes on average 54 days to sell with vendor discounting of -4.99%.

Streets in Westlake


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