Property investors enjoyed capital gains of 17.48% 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 42.35% 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 $370 based on current median home prices for the suburb.
On average, rents on listings have reached the $370 mark, reflecting a 3.18% increase in returns based on the current median price in WESTMEADOWS.
WESTMEADOWS, 3049 ranks 162nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 306th on the list of best yielding suburbs for rental properties in VIC, posting a 3.18% return.
Property investors have seen a 5.21% gain in WESTMEADOWS based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WESTMEADOWS, 3049 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 27.04%.
Based on its average 5-year and quarterly capital gains WESTMEADOWS, 3049 saw average growth in the long term.
WESTMEADOWS, 3049 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $505,000.
Profits due to an upward trend in home prices in WESTMEADOWS, 3049 averaged 11.2% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $375 based on current median home prices for the suburb.
The gross rental yield in WESTMEADOWS, 3049 is 3.86%.
An average of 2.25 real estate transactions take place per month in WESTMEADOWS which translates to 27 per annum.
Investment properties should not be...
If you are running a genuine rental...
The rental market should be totally...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal