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Broadmeadows
AREA REPORTS

Broadmeadows

Broadmeadows - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3047

house
unit
BROADMEADOWS ranks 36th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 9.04% for the past year is higher than average compared to its 43.88% growth within a five-year period.

Also in BROADMEADOWS, the median home price is sitting at $600,000, and the average rent at $345, this suggests property owners could potentially earn a 2.99% increase in gross rental yield.

Property investors have seen a 1.69% 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 6.04% growth over a ten-year period. It ranks 1929th on our list of suburbs that property investors should look into.

Data report can be found below

Broadmeadows
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $600,000 $422,500
GROWTH REPORT
Median Quarterly 1.69% 0.6%
Median 12 month 9.04% 3.05%
Median 3 years 7.62% 4.58%
Median 5 years 43.88% 28.03%
10 years average annual 6.04% 3.8%
Weekly media advert. rent $345 $350
Time on Market 64.6 days 75.5 days
Gross Rental Yield Percent 2.99% 4.31%
demographics (median values)*
Total Population
20903
Weekly Household Income
922
Household Size
3.00
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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