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Westmere, VIC 3351
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$690,000
list-price estimate
Median Unit
$405,000
list-price estimate
Gross Yield (houses)
9.9%
1yr Growth
-
Investment snapshot for Westmere
Westmere has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Westmere market and investor summary
In Westmere, VIC 3351, houses show a gross rental yield of 9.9%. At 6.7% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 9.9% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 6.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 338 days on market, so plan for a slower exit if you ever need one.
Living in Westmere: people, income and schools
Westmere has a resident population of roughly 62, and the area has been growing steadily, up about 9% over five years. The median age is 45, skewed a little older, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $85,000 a year, or roughly $1,630 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 62
- +9% over 5yr
- Median age
- 45 years
- Median household income
- $85,000/yr
- Households renting
- 7%
- Family households
- 79%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 3.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Westmere
No properties currently listed in Westmere
Search Westmere listings →Frequently asked questions about Westmere
What should I check before investing in Westmere?
Westmere has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 9.9%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Westmere show?
The gross rental yield in Westmere is 9.9% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Westmere?
The current vacancy rate in Westmere is 6.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Westmere?
Westmere has a population of approximately 62 residents, with a median age of 45.
Is Westmere's population growing?
The population of Westmere has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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