Westmeadows has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 17.84% to date .
If we look at median property appreciation over just the last three months, Westmeadows has given property investors a paper return of 5.31%. This puts Suburb as 123 on a list of fastest fasting appreciating suburbs in VIC
Westmeadows3049 is located in VIC which offers an average discount of -5.41% to property investors. Westmeadows itself is showing figures that indicate -8.03% is the average achievable by property buyers investing in the suburb.
Over the last year, property investments in Westmeadows, 3049 have given investors a capital gain of 9.91%. This compares favourably with the 4.90% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westmeadows has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.17% to buyers in Westmeadows at the moment, which is less than average for the rest of VIC.
With the median price for a house in Westmeadows being $418750 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.59%