At number 617th in the list of Australian suburbs ordered by increase in median house value over the last year, Westmeadows, 3049 is in the top 20% with a property value increase of 13.60% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Westmeadows comes in at number 244th in VIC.
Westmeadows3049 is located in VIC which offers an average discount of -6.04% to property investors. Westmeadows itself is showing figures that indicate -14.48% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
If you compare the increase in value of investment property in Westmeadows, 3049 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.04%.
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.
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 -6.89% is being offered, which puts this VIC suburb at 288th most discounted overall in Australia.
Residents and property investors in Westmeadows have been waiting around 65.25 days to sell a property.
Westmeadows, 3049’s gross rental yield is 4.50%