Broadmeadows, 3047 ranked 290th in VIC when comparing growth in median property values or capital gain over the last 12 months. Broadmeadows is one of 2098 in our list for VIC
While Broadmeadows,3047 ranked number 112th in VIC for increase in median house value (annualised) increase, it is ranked 452th over the last 5 years.
Broadmeadows3047 is located in VIC which offers an average discount of -6.04% to property investors. Broadmeadows itself is showing figures that indicate -5.67% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Broadmeadows being $400100 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.03%
Broadmeadows is in the TOP 20% in VIC when comparing median price capital growth over the last year. Broadmeadows gave property investors a very good capital gain figure when compared to the rest of the state, with 12.88%.
Broadmeadows,3047 was ranked 1065 in Australia by increase in median property value over the quarter.
Vendor discounting in Broadmeadows is giving property investors an average Vendor Discount of around -5.07%. This puts suburb at number 141th in VIC when ranking the most discounted suburbs.
The VIC suburb of Broadmeadows, 3047 is in the Hume local government area.
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
Information supplied by:
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.