If you compare the increase in value of investment property in Westmeadows, 3049 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.78%.
Over the longer term, Westmeadows has seen property prices show investors a 28.97% return over the last 3 years. This is worse than over the last 12 months
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 Westmeadows, 3049. Typically our figures indicate that -1.90% is being offered, which puts this VIC suburb at 3727th most discounted overall in Australia.
With the median price for a house in Westmeadows being $503000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.62%
Property investors who have had real estate in Westmeadows, 3049 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 1.95%
The five-year average increase in median property values for Westmeadows,3049 has given property investors a potential capital gain of 6.80% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.12% offered to property buyers. Sellers in Westmeadows itself are offering an average vendor discount of -7.33% to real estate investors.
In the last year 32 properties changed hands in Westmeadows, which puts it as the 246th most active market in VIC when comparing the number of sales per suburb.
Westmeadows, 3049’s gross rental yield is 4.77%