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Westmead suburb profile

Westmead is a prominent suburb in Western Sydney, renowned for its world-class medical precinct and educational institutions. Situated approximately 26km from Sydney's CBD, it is a hub for healthcare professionals and students, with the Westmead Hospital and The Children's Hospital at Westmead being key landmarks. The suburb offers a mix of residential options, from modern apartments to family homes, catering to a diverse community. With excellent public transport links, including a major train station, and proximity to Parramatta's bustling commercial centre, Westmead combines convenience with a strong community spirit, making it a desirable location for residents and visitors alike.

Westmead property market performance

Current median dwelling price$996,250Past 3 months

Property growth+9.5%Past 12 months

Westmead's property market has exhibited substantial growth, particularly in house values, which have surged by 32.8% over the past 12 months, bringing the median house price to $1.86 million. Meanwhile, unit values have also climbed, albeit at a more modest rate of 4.3%, with the median price reaching $611,500.

In terms of sales activity, 11 houses and 74 units have changed hands over the last three months. Houses are selling relatively swiftly, with a median time on market of 31 days, compared to 40 days for units, suggesting stronger demand in the housing segment.

The rental market in Westmead has seen moderate changes over the last year. House rents increased by 1.4%, while unit rents rose by 3.3%, indicating steady demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$1.40M$590K
Change in value
Past 12 months
15.4%3.5%
Sold
Past 3 months
1083
Median days on market
Past 12 months
3341
Average rent
Past 12 months
$720$630
Change in rent
Past 12 months
4.3%3.3%

5 year median price trend for houses and units

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Westmead demographics

Westmead, located in the Greater Western Sydney region, is a bustling suburb known for its significant healthcare and educational facilities. With a population of 16,555 and a median age of 33, Westmead is a vibrant community that attracts a diverse range of residents, including young professionals, families, and students. The suburb is home to the renowned Westmead Hospital and several research institutions, making it a hub for healthcare professionals and students pursuing medical and health sciences.

The suburb's family-friendly environment is reflected in the high percentage of couple families with children, which stands at 57.6%. This is complemented by a substantial proportion of couple families without children, accounting for 29.8% of the population. The presence of one-parent families and other family types adds to the suburb's diverse demographic profile. Westmead's housing market is predominantly rental-based, with 70.4% of properties being rented. This high rental rate indicates the suburb's appeal to those seeking flexible living arrangements, particularly students and healthcare workers who value proximity to the area's key institutions.

Despite the high rental market, there is a notable percentage of properties owned outright (9.9%) and owned with a mortgage (19.7%), suggesting a stable community with long-term residents. The median total household income of $2,144 per week reflects the suburb's economic vitality, supported by its strategic location and access to employment opportunities. Westmead's blend of healthcare, education, and family-oriented amenities makes it a desirable place to live for those seeking a balanced lifestyle in a well-connected urban setting.

Westmead infrastructure, key developments and investment opportunities

Westmead is undergoing sustained transformation driven by the expansion of its major health and education precincts, including upgrades and redevelopment across the Westmead Hospital and Westmead Private Hospital campuses, which underpin strong local employment and support demand for nearby housing.[1][7] The Parramatta Light Rail project, now under construction through the broader Parramatta–Westmead corridor, is set to significantly improve public transport connectivity to Parramatta CBD and surrounding suburbs, which is likely to enhance buyer interest and long-term capital growth prospects.[5]

Existing rail links, frequent bus services, and easy access to the M4 Motorway and Great Western Highway continue to make Westmead attractive for commuters, while nearby Parramatta Park and local playgrounds support family appeal and lifestyle-focused buyers.[5] Retail and service amenity at Westmead Village and close proximity to Westfield Parramatta add convenience, and together with the strengthening health, education and transport infrastructure, position Westmead as a key growth hub in Sydney’s west that may see ongoing pressure on both rents and purchase prices.[5]

Westmead rental market trends

The rental market in Westmead shows modest growth, with house rents increasing 1.4% to $700 per week, while unit rents have risen 3.3% to $630 per week. With ongoing improvements in local amenities and healthcare facilities, Westmead continues to be an attractive suburb for renters seeking easy access to essential services.

Suburbs near Westmead

Some popular suburbs near Westmead include:

How does Westmead compare to nearby suburbs?

  • Median house prices: Westmead’s median house price is 4.4% higher than Wentworthville’s.
  • Median unit prices: Westmead’s median unit price is 1.7% higher than Mays Hill’s.
  • House price growth: Over the past 12 months, house prices in Westmead have grown 16.6% higher than in Wentworthville.
  • Unit price growth: Over the past 12 months, unit prices in Westmead have grown 3.3% higher than in Mays Hill.
  • Selling speed for houses: Properties in Westmead are selling 41.1% faster than in Parramatta.
  • Selling speed for units: Properties in Westmead are selling 28.1% faster than in Mays Hill.
  • Investment considerations: In Westmead, the rental yield for house is 21.0% lower than the Sydney average, while the rental yield for units is 19.4% lower.
  • House price growth: Over the past 12 months, house prices in Westmead have grown 13.5% lower than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Westmead have grown 34.8% lower than the average rate of growth for units across Sydney.

Common questions about Westmead

  • Is Westmead a nice place to live?

    Westmead is a delightful suburb that offers a harmonious blend of convenience, community spirit, and a vibrant lifestyle. Known for its lush green spaces and family-friendly atmosphere, Westmead provides a peaceful retreat while still being well-connected to the hustle and bustle of Sydney. The suburb is a haven for families, with numerous parks and playgrounds that offer ample opportunities for outdoor activities and relaxation. The community vibe is strong, with residents often gathering for local events and enjoying the suburb's welcoming atmosphere.

    Living in Westmead means having easy access to a variety of amenities. The suburb is well-served by public transport, making commuting a breeze, and its proximity to Parramatta ensures that shopping, dining, and entertainment options are always within reach. Safety is generally not a major concern, contributing to the suburb's appeal for families and individuals alike. Westmead's cultural diversity adds to its charm, with a range of cafes and restaurants offering cuisines from around the world.

    However, living in Westmead does come with some trade-offs. The ongoing development and expansion of its healthcare and educational facilities can lead to increased traffic and noise, particularly during peak times. Additionally, the high demand for rental properties can make finding a home challenging for some. Despite these factors, Westmead remains a desirable place to live, especially for those who value a strong community, excellent amenities, and a balanced lifestyle. Families, in particular, will find Westmead's combination of green spaces, safety, and community spirit to be an ideal setting for raising children.

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  • Is it expensive to live in Westmead?

    Living in Westmead can be quite costly, especially when considering the housing market. The current median house price is a hefty $1,860,000, which is significantly higher than many other suburbs. For those looking at units, the median price is more moderate at $611,500. Renting is also on the pricier side, with houses averaging $700 per week and units around $630 per week.

    When compared to the average wage in Sydney, which is about $95,000 per year, the cost of housing in Westmead takes up a considerable portion of one's income. The median total household income in Westmead is $2,144 per week, which aligns well with the Sydney average. However, given the high property prices and rental costs, living in Westmead may stretch the budget for many individuals and families.

    Overall, while Westmead offers the convenience of being an inner suburb with access to amenities and transport, the high cost of living, particularly in terms of housing, makes it an expensive place to reside. If you are thinking of living in Westmead, it's important to carefully evaluate your financial situation to ensure it aligns with the expenses associated with this suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Westmead a good place to invest?

    Westmead is shaping up to be an intriguing investment opportunity, especially for those eyeing the real estate market in the Sydney area. Over the past year, the suburb has seen a remarkable 32.8% increase in median house values, indicating strong demand and potential for capital growth. This impressive rise suggests that Westmead is becoming increasingly desirable, likely due to its proximity to key amenities and transport links, making it a convenient location for families and professionals alike.

    While the growth in unit values has been more modest at 4.3%, it still represents a positive trend, particularly for investors looking for more affordable entry points into the market. The rental market in Westmead also shows promise, with rents for units increasing by 3.3% over the last year. This suggests a steady demand for rental properties, which can provide a reliable income stream for investors.

    Overall, Westmead offers a compelling mix of strong capital growth for houses and steady rental returns for units. Its strategic location and ongoing demand make it a suburb worth considering for those looking to invest in the Sydney property market. While the rapid increase in house values might not be sustainable in the long term, the suburb's fundamentals suggest it remains a solid choice for both capital appreciation and rental income potential.

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Choose the right real estate agents in Westmead

Choosing the right real estate agent in Westmead can have a big impact on your sale. While there are 139 real estate agents working in the suburb, but just 5 of them were responsible for 31.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.75% to 2.63%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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