Westerway TAS Property Investment
West Coast · 7140 · Score: 57/100 · Hold
Westerway Short-Term Rental (Airbnb) Market
Westerway TAS Investment Brief
HOLD — 2.9% gross yield on a $490,054 median.
THE MARKET
Westerway has compounded at 4.9%/yr over 5 years — a house that cost $385,804 in 2021 is worth $490,054 today. Properties are sitting on market for 36 days (roughly balanced conditions). At the same growth rate, today's median reaches $622,474 by 2031.
- Median house: $490,054 | Units: $294,361
- Gross yield: 2.9% | Net yield: 1.4%
- 5yr price CAGR: 4.9%/yr | 3yr forecast: 13.5%/yr
- Population: 210 | Owner-occupier rate: 75% | Affluence: Low
- Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- Vacancy: 2.0% (improving) | Rental demand: High
- Median weekly rent: $270/wk | Days on market: 36 (stable)
- Balanced market — vacancy manageable but monitor trend.
SHORT-TERM RENTAL
Insufficient STR data for this suburb. Run a specific address analysis for property-level STR projections.
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Fitzgerald station 14.4km away
BULL CASE
If Westerway maintains 3%+ annual growth and vacancy stays below 1.4%, median prices could reach $563,562 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Westerway pull back 10-15% from $490,054, with vacancy rising to 3.6% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- West Ulverstone (TAS): $607,146 median, 4.2% yield, 16.4% 1yr growth
- George Town (TAS): $465,431 median, 4.8% yield, 25.1% 1yr growth
- Glenorchy (TAS): $595,500 median, 5.1% yield, 9.3% 1yr growth
THE PLAY
Westerway offers balanced fundamentals but does not present an urgent buying signal. The market is in a stable phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.
- Entry range: $441,049 – $539,059
- Minimum gross yield to target: 4.5%
- Watch signal: vacancy dropping below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
high confidenceBasis: 5yr CAGR 4.9% + 10yr CAGR 4.7%
- +Above-average population growth (1.9%/yr)
- +Low rental vacancy (2.0%) — constrained supply
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-04
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
9
2020
5
2021
16
2022
8
2023
1
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 7140
Decile 1 of 10 — High disadvantage
Population
12,069
Education (IEO)
1/10
Econ. Resources (IER)
2/10
10-Year Investment Projection
Modelled on Westerway TAS data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $270/wk median rent for Westerway. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Nearby Suburbs
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.