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Westmeadows

Suburb Profile

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

house
unit

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.

This number can mean, real estate investors could earn a rental income of $393 based on current median home prices for the suburb.

On average, rents on listings have reached the $393 mark, reflecting a 3.3% increase in returns based on the current median price in WESTMEADOWS.

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

While it ranks 265th on the list of best yielding suburbs for rental properties in VIC, posting a 3.3% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $620,000 $535,000
GROWTH REPORT
Median Quarterly 0% 3.88%
Median 12 month 0% 6.47%
Median 3 years 8.96% 15.05%
Median 5 years 37.78% 35.44%
10 years average annual 5.03% 4.01%
Weekly media advert. rent $393 $380
Time on Market 33.0 days 49.0 days
Gross Rental Yield Percent 3.3% 3.69%
demographics (median values)
Total Population
5862
Weekly Household Income
1045
Household Size
2.90
demographics
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