At number 951th in the list of Australian suburbs ordered by increase in median house value over the last year, Westmeadows, 3049 is in the top 30% with a property value increase of 11.96% recorded in median house prices.
Westmeadows,3049 has offered an average of 11.96% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Westmeadows are currently offering property investors an average price cut of -9.14% below the asking price at the moment.
With a capital gain of 3.25% for the last 12 months, Westmeadows, 3049 has performed for property investments than its average annual 4.20% property growth over the last 5 years.
While Westmeadows,3049 ranked number 178th in VIC for increase in median house value (annualised) increase, it is ranked 239th over the last 5 years.
Vendor discounting in Westmeadows is giving property investors an average Vendor Discount of around -6.39%. This puts suburb at number 61th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $360 mark per week – giving a return of 4.71% based on the median price in Suburb