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Westmeadows

POSTAL CODE: VIC, 3049
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Property investors enjoyed capital gains of 14.93% 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 11.11% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 3.71% increase in returns based on the current median price in WESTMEADOWS.

WESTMEADOWS, 3049 ranks 44th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 261st on the list of best yielding suburbs for rental properties in VIC, posting a 3.71% return.

Surburb overview

Westmeadows is a suburb located within the City of Hume, approximately 16 kilometres north-west of Melbourne's Central Business District (CBD). According to the 2021 census, it has a population of 6,502 residents. 

The suburb is well-connected by public transportation. While Westmeadows does not have a railway station, nearby stations such as Broadmeadows and Coolaroo on the Craigieburn line provide train services to the CBD. Additionally, several bus routes operate within Westmeadows, offering convenient links to neighbouring suburbs and critical destinations.

Westmeadows features several shopping precincts, notably along Fawkner Street, offering various retail and dining options. Essential services such as banks, post offices, and supermarkets are available, catering to residents' daily needs.

The suburb boasts the Westmeadows Reserve for recreational activities, providing 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.

Westmeadows 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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