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Westbury suburb profile

Westbury is a charming rural town located in the Meander Valley of Tasmania, approximately 30km west of Launceston. Known for its historic charm and picturesque landscapes, Westbury offers a peaceful lifestyle with a strong sense of community. The town is famous for its well-preserved Georgian architecture, village green, and the annual St. Patrick's Festival. Surrounded by fertile farmland, Westbury provides a tranquil setting for those seeking a slower pace of life while still being within easy reach of urban amenities. Its rich history and welcoming atmosphere make it a delightful place to call home.

Westbury property market performance

Westbury’s property market has shown positive growth over the past 12 months, with house values increasing by 6.4%. The current median house price stands at $760,000. However, the unit market remains stagnant, with no change in median value and minimal sales activity, reflecting limited demand or supply in this segment.

In terms of sales activity, 13 houses were sold over the last 12 months, with a median time on market of 43 days, indicating a moderate pace of sales. The unit market, however, saw only one sale, highlighting its limited activity.

The rental market for houses in Westbury has seen a modest increase, with average rents rising by 3.3% to $470 over the past year. The unit rental market remains inactive, with no recorded changes or activity.

HousesUnits
Median price
Past 3 months
$733KN/A
Change in value
Past 12 months
4.8%N/A
Sold
Past 3 months
173
Median days on market
Past 12 months
51N/A
Average rent
Past 12 months
$480N/A
Change in rent
Past 12 months
6.7%N/A

5 year median price trend for houses and units

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Westbury demographics

Westbury, located in Tasmania, is a charming rural town known for its historical significance and tranquil lifestyle. With a population of 2,272, it offers a close-knit community atmosphere that appeals to families and retirees alike. The median age of 49 suggests a mature population, with many residents enjoying the peaceful surroundings and slower pace of life that Westbury provides.

The suburb's housing landscape is characterized by a high rate of outright home ownership, with 46.8% of properties owned outright. This reflects a stable community with long-term residents who have settled in the area. Additionally, 32.5% of properties are owned with a mortgage, indicating a mix of established homeowners and newer families entering the market. The rental market is relatively small, with only 20.8% of properties being rented, which is typical for a rural setting where home ownership is more prevalent.

Family dynamics in Westbury are diverse, with 31.8% of families being couples with children and 53.1% being couples without children. This balance highlights the suburb's appeal to both young families and older couples who appreciate the town's quiet charm. The presence of one-parent families, making up 13.3% of the community, adds to the suburb's family-oriented nature. Overall, Westbury offers a serene lifestyle with a strong sense of community, making it an attractive option for those seeking a peaceful retreat from the hustle and bustle of city life.

Suburbs near Westbury

Some popular suburbs near Westbury include:

  • Hagley: Known for its historic charm and rural landscapes, Hagley is located to the east of Westbury.
  • Birralee: Offering a peaceful rural setting with scenic views, Birralee lies to the northwest of Westbury.
  • Deloraine: Famous for its arts and crafts community and picturesque surroundings, Deloraine is situated to the west of Westbury.
  • Carrick: Known for its historic buildings and annual events, Carrick is located to the east of Westbury.
  • Liffey: Renowned for its natural beauty and waterfalls, Liffey is situated to the southwest of Westbury.

How does Westbury compare to nearby suburbs?

  • Median house prices: Westbury’s median house price is 23.4% higher than Deloraine’s.
  • House price growth: Property prices in nearby Deloraine have risen 5.0% more than in Westbury over the past year.
  • Selling speed for houses: Properties in Westbury are selling 12.1% faster than in Deloraine.

Choose the right real estate agents in Westbury

There are 32 real estate agents in Westbury, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 58.7% of all sales in the past year.

Commission rates in Westbury typically range from 2.38% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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