AREA REPORTS

Westmeadows

VIC/
Westmeadows

Suburb Profile

Westmeadows - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3049

house
unit

Property investors enjoyed capital gains of 11.32% over the last 12 months in WESTMEADOWS, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 34.83% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $383 based on current median home prices for the suburb.

On average, rents on listings have reached the $383 mark, reflecting a 3.32% increase in returns based on the current median price in WESTMEADOWS.

WESTMEADOWS, 3049 ranks 269th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 264th on the list of best yielding suburbs for rental properties in VIC, posting a 3.32% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $600,000 $505,000
GROWTH REPORT
Median Quarterly 0.42% 5.21%
Median 12 month 11.32% 23.17%
Median 3 years 34.83% 31.17%
Median 5 years 57.89% 32.89%
10 years average annual 7.88% 4.6%
Weekly media advert. rent $383 $380
Time on Market 31.1 days 39.4 days
Gross Rental Yield Percent 3.32% 3.91%
demographics (median values)
Total Population
5862
Weekly Household Income
1045
Household Size
2.90
demographics
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