With a capital gain of 12.22% for the last 12 months, Broadmeadows, 3047 has performed for property investments than its average annual 7.72% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Broadmeadows has given property investors a paper return of 3.32%. This puts Suburb as 241 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Broadmeadows is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 205th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Broadmeadows the average time real estate has been on the market is 83.8 days.
Property investors who have had real estate in Broadmeadows, 3047 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.76%
Broadmeadows,3047 has offered an average of 4.76% return per annum in house price rises to property investors over the last three years.
Broadmeadows3047 is located in VIC which offers an average discount of -5.07% to property investors. Broadmeadows itself is showing figures that indicate -5.08% is the average achievable by property buyers investing in the suburb.
Broadmeadows, 3047’s gross rental yield is 5.20%
Sitting 18km north of Melbourne’s CBD, Broadmeadows is a suburb with a strong rental market and a changing outlook that should fuel capital growth, explains Herron Todd White Melbourne managing director Tony Kelly.Full summary
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Sitting 18km north of Melbourne’s CBD, Broadmeadows is a suburb with a strong rental market and a changing outlook that should fuel capital growth, explains Herron Todd White Melbourne managing director Tony Kelly.
“Once a strong working class suburb with housing commission dwellings, Broadmeadows has started to take on a new character,” he says.
“Improving linkages with the Western Ring Road and the redevelopment of the railway station have been contributors to the ongoing gentrification process. Rental demand is particularly strong and the suburb popular among Middle Eastern cultures”.
Renters are expected to make up a third of Broadmeadows' population base over the next five years. The area’s annualised rate of population growth is expected to hover at the 1% mark over the next five years.
Accessibility is good, with the travel time to the city being 30 minutes by train or car, and amenity options here are excellent. The major banks all have branches or ATMs here, there’s a Hoyts cinema, a Coles supermarket, a huge nature reserve and a dozen schools within a 2km radius.