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Broadmeadow
AREA REPORTS

Broadmeadow

Broadmeadow - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2292

house
unit

Based on its average 5-year and quarterly capital gains BROADMEADOW, 2292 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BROADMEADOW, 2292 obtained a 6.79% growth over a ten-year period. It ranks 1070th on our list of suburbs that property investors should look into.

BROADMEADOW, 2292 in NSW belongs to the local government area of Newcastle (C).

BROADMEADOW, 2292 has a capital gain of 12.21% for the past year, which is higher than average compared to its 41.99% growth within a five-year period.

With the median home price in BROADMEADOW sitting at $735,000, and the average rent at $530, property owners could potentially earn a 3.75% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BROADMEADOW are low, as opposed to average gains per annum over the past five years.

Data report can be found below

Broadmeadow
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $735,000 $633,000
GROWTH REPORT
Median Quarterly 5% 7.74%
Median 12 month 12.21% 26.6%
Median 3 years 14.84% 0.48%
Median 5 years 41.99% 54.39%
10 years average annual 6.79% 8.86%
Weekly media advert. rent $530 $420
Time on Market 37.1 days 0.0 days
Gross Rental Yield Percent 3.75% 3.45%
demographics (median values)*
Total Population
2465
Weekly Household Income
1333
Household Size
2.20
Age
35
Monthly Loan Repayment
1783
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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