Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Westbury is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Westbury provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Westbury necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Westbury we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Westbury a better buying opportunity than it may have been in the past.
|111 MEANDER VALLEY RD, WESTBURY, TAS, 7303||4||2||Best offer over $749,000|
Westbury Primary School(While the above schools are located with the suburb of Westbury there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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