Broadmeadow

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 9.47% growth over a ten-year period. It ranks 240th on our list of suburbs that property investors should look into.

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

BROADMEADOW, 2292 has a capital gain of 16.04% for the past year, which is higher than average compared to its 73.85% growth within a five-year period.

With the median home price in BROADMEADOW sitting at $1,150,000, and the average rent at $695, property owners could potentially earn a 3.14% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in BROADMEADOW, 2292 translates to a 12.88% capital gain.

Property investors enjoyed capital gains of 3.83% over the last 12 months in BROADMEADOW, translating to lower returns compared with its peers in NSW.

BROADMEADOW, 2292 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $745,000.

Profits due to an upward trend in home prices in BROADMEADOW, 2292 averaged 4.29% per annum over a 3-year period.

Home owners selling their properties and realtors in BROADMEADOW usually have to wait an average of 50.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $645 mark, reflecting a 4.5% increase in returns based on the current median price in BROADMEADOW.

BROADMEADOW, 2292 places 387th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,150,000	$745,000
Growth Report
Median Quarterly	15.58%	0.34%
Median 12 month	16.04%	3.83%
Median 3 years	30.46%	12.88%
Median 5 years	73.85%	37.96%
10 years average annual	9.47%	6.54%
Weekly media advert. rent	$695	$645
Time on Market	61.2 days	50.9 days
Gross Rental Yield Percent	3.14%	4.5%

Demographics (Median Values)*

Total Population 2465

Weekly Household Income 1333

Household Size 2.20

Average 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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