Property investors enjoyed capital gains of 14.53% over the last 12 months in MEADOW HEIGHTS, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.23% growth over a ten-year period. It ranks 1124th on our list of suburbs that property investors should look into.
MEADOW HEIGHTS, 3048 has a capital gain of 14.53% for the past year, which is higher than average compared to its 28.13% growth within a five-year period.
With the median home price in MEADOW HEIGHTS sitting at $410,000, and the average rent at $340, property owners could potentially earn a 4.31% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MEADOW HEIGHTS are high, as opposed to average gains per annum over the past five years.
MEADOW HEIGHTS, 3048 in VIC belongs to the local government area of Hume.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $410,000 | $314,500 |
| GROWTH REPORT | ||
| Median Quarterly | 6.63% | 1.45% |
| Median 12 month | 14.53% | 8.64% |
| Median 3 years | 27.33% | 17.35% |
| Median 5 years | 28.13% | 16.48% |
| 10 years average annual | 6.23% | 4.97% |
| Weekly media advert. rent | $340 | $340 |
| Time on Market | 53.8 days | 99.9 days |
| Gross Rental Yield Percent | 4.31% | 5.62% |
There is a threshold for the land value...
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