All About Westmead, Cumberland , NSW 2145

Westmead Real Estate Market Outlook

Thinking about buying in Westmead? Now could not be a better time, with 10495 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,657,000 with prices in this suburb ranging from $19,000 to $42,374,000. The aproximate distance to the coast is 20 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. 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 Westmead 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 Westmead 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 Westmead necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Westmead, located in the Cumberland area of New South Wales, is known for its diverse and evolving housing market. Over recent years, the suburb has seen a steady increase in property values, driven by its strategic location and infrastructure developments. Westmead is in close proximity to Parramatta, a key economic hub, and is well-served by public transport, including the Westmead railway station and numerous bus routes. This connectivity has attracted a mix of professionals and families to the area, boosting demand for housing. The suburb features a blend of residential options, from high-rise apartments to quaint family homes, catering to a range of preferences and budgets. The ongoing developments and planned upgrades, particularly in healthcare and education, continue to make Westmead an appealing choice for prospective buyers and investors looking to capitalize on the suburb’s promising growth trajectory.

Living in Westmead offers residents a balanced lifestyle, punctuated by the suburb's rich community feel and accessibility to essential amenities. The presence of major healthcare facilities, such as the Westmead Hospital and The Children’s Hospital at Westmead, endorses the area as a premier location for healthcare professionals and provides peace of mind for families residing in the region. Furthermore, the suburb benefits from an array of parks, recreational areas, and dining options, enhancing the quality of life for its residents. Cultural diversity is a hallmark of Westmead, reflected in the variety of community events and multicultural eateries available to explore. Additionally, the suburb’s close proximity to Parramatta’s vibrant commercial center offers ample employment opportunities and entertainment options, making Westmead an attractive suburb for those who appreciate both tranquility and convenience.

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