Broadmeadows

POSTAL CODE: VIC, 3047

HOUSE

UNIT

BROADMEADOWS ranks 120th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 7.9% for the past year is higher than average compared to its 15.4% growth within a five-year period.

Also in BROADMEADOWS, the median home price is sitting at $635,000, and the average rent at $492.5, this suggests property owners could potentially earn a 4.03% increase in gross rental yield.

Property investors have seen a 2.83% gain in BROADMEADOWS based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.15% growth over a ten-year period. It ranks 2576th on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in BROADMEADOWS, 3047 translates to a 13.33% capital gain.

BROADMEADOWS, 3047 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $510,000.

Augmented property values in BROADMEADOWS are trailing above the VIC average of 2.45% for the past year.

Real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

Home owners selling their properties and realtors in BROADMEADOWS usually have to wait an average of 51.5 days days before their assets are lifted off the market.

BROADMEADOWS ranks 116th on the list of best yielding suburbs for rental properties in VIC, posting a 4.89% return.

BROADMEADOWS, 3047 places 35th in Australia based on median property value growth during the quarter.

Surburb overview

Broadmeadows, located approximately 15 kilometres north of Melbourne's Central Business District (CBD), is a suburb within the City of Hume. According to the 2021 census, it has a population of 12,524 residents.

The suburb is well-connected by public transportation. The Broadmeadows railway station on the Craigieburn line offers regular train services to the CBD. Additionally, several bus routes operate within the area, providing links to neighbouring suburbs and critical destinations.

Broadmeadows features several shopping precincts, notably the Broadmeadows Central Shopping Centre, which offers a variety of retail and dining options. Essential services such as banks, post offices, and supermarkets are available, catering to residents' daily needs.

The suburb boasts Broadmeadows Valley Park for recreational activities, which provides sports and leisure activities facilities. The Moonee Ponds Creek Trail runs through the area, offering scenic routes for walking and cycling. Parks and green spaces are abundant, contributing to the suburb's appeal for families and outdoor enthusiasts.

Broadmeadows presents a blend of residential living with convenient access to public transport, essential services, and recreational facilities, making it a well-rounded suburb within Melbourne's northern region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$635,000	$510,000
Growth Report
Median Quarterly	2.83%	6.81%
Median 12 month	7.9%	15.32%
Median 3 years	5.83%	13.33%
Median 5 years	15.4%	27.5%
10 years average annual	6.15%	5.62%
Weekly media advert. rent	$493	$480
Time on Market	47.8 days	51.5 days
Gross Rental Yield Percent	4.03%	4.89%

Demographics (Median Values)*

Total Population 20903

Weekly Household Income 922

Household Size 3.00

Average Age 31

Monthly Loan Repayment 1321

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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