With a capital gain of 7.08% for the last 12 months, Broadmeadows, 3047 has performed for property investments than its average annual 7.14% 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 1.45%. This puts Suburb as 321 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Broadmeadows 3047 should be seeing an average reduction in asking price of around -4.77% . This means that Broadmeadows is holding prices well when compared to other suburbs in VIC.
Broadmeadows is 237th on a list of best yielding suburbs for rents in VIC with a 4.18% return
Broadmeadows has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.25% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Broadmeadows comes in at number 84th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Broadmeadows, 3047. Typically our figures indicate that -4.37% is being offered, which puts this VIC suburb at 968th most discounted overall in Australia.
With the median price for a house in Broadmeadows being $340000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 4.97%
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.