Question 1

Is Westbury a nice place to live?

Accepted Answer

Westbury is a historic village in northern Tasmania’s Meander Valley, defined by a tidy Georgian main street and a compact village centre set among rolling farmland. Daily life centres on the main street’s heritage buildings, local hotel, bakery and small shops, while community activity revolves around sporting grounds, halls and regular local events. Housing ranges from weatherboard cottages and brick homes to larger residential blocks on the village fringe, and the suburb attracts families, tradespeople and retirees who prefer a relaxed country lifestyle with larger-town services within easy reach.

The population is 2,272 with a median age of 49, and most homes are owner-occupied (46.8% owned outright and 32.5% owned with a mortgage, a combined 79.3%). There is local investment planned, including a streetscape renewal for the main street, upgrades to services and a nearby heavy vehicle rest area. Whether Westbury suits you comes down to whether you want a small, settled country community with close local shops and regular events.

Question 2

Is it expensive to live in Westbury?

Accepted Answer

In Westbury a median house price of $705,000 works out to about 12.1 times a typical local household's annual income at the last Census (weekly household income $1,122, or $58,344 a year). On these figures, buying a house sits well above what local households earned at the last Census.

For renters, the average house rent of $480 a week would take about 43% of a typical local household's weekly income at the last Census, which is a large share of income. If you are comparing renting and buying, those two numbers are the most relevant to consider; whether they feel expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Westbury a good place to invest?

Accepted Answer

House values in Westbury climbed 13.5% over the past 12 months, a strong rise. Over the same period, house rents increased 6.7%, a solid gain.

Put together, the figures show capital growth for houses outpaced rental income this year. If rental income is your priority, the rent movement is the figure that matters; if capital growth matters more, the value change is the relevant figure. Whether that pattern suits your plans depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$705K	N/A
Change in value Past 12 months	13.5%	N/A
Sold Past 3 months	18	4
Median days on market Past 12 months	46	N/A
Average rent Past 12 months	$480	N/A
Change in rent Past 12 months	6.7%	N/A

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