Westwood Real Estate Market Outlook
In Westwood there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Westwood due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Westwood 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 Westwood necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Westwood the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|4646 CAPRICORN HWY, WESTWOOD, QLD, 4702||1||1||$308,000|
|12 AUGUSTA ST, WESTWOOD, QLD, 4702||5||2||4||Under Contract - pending T's&C's|
Westwood State School(While the above schools are located with the suburb of Westwood there may also be nearby schools whose catchments cover this suburb)
Local Crime Stats
Average Local Climate by month
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source: Australian Government Bureau of Meteorology
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