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 12.51%.
Westmeadows,3049 has offered an average of 12.51% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -9.14% to buyers in Westmeadows at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.99%, investors should hope to achieve an overall return of 3.55%
At number 872th in the list of Australian suburbs ordered by increase in median house value over the last year, Westmeadows, 3049 is in the top half with a property value increase of 2.73% recorded in median house prices.
Comparing Westmeadows,3049 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 31th of VIC’s most discounted properties, Westmeadows is in the bottom 10% of the state/territory when listing in order of most discounted to least.