Giving property investors a an average capital gain of -3.68% for the last year, Meadowbank, 2114 is the 946th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Meadowbank comes in at number 529th in NSW.
Vendor discounting in Meadowbank is giving property investors an average Vendor Discount of around -7.06%. This puts suburb at number 132th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Meadowbank the average time real estate has been on the market is 76.9483 days.
The NSW suburb of Meadowbank, 2114 is in the Ryde (C) local government area.
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Apartment stock goes up
Median unit price: $670,500
Stock on market: 39.4%
12-month growth: 5.9%
In a valley on the Parramatta River’s northern bank, the suburb of Meadowbank has benefited from Sydney’s recent price boom.
Meadowbank is considered part of the Northern Suburbs district, and is just 15km from the Sydney CBD. The local railway station is bordered by shops and a shopping centre, providing not just convenience but accessibility as well. Meadowbank TAFE is a major campus and a well-known institution in the area.
The suburb has undergone considerable gentrification, with high-rise developments going up to capitalise on the waterfront view. In fact, unit stock rose significantly from 66 in August 2017 to 92 a year later, indicating a 39.4% boost in supply. It seems that the high prices in this area are not a deterrent, as apartments are selling very quickly, staying on the market for just 37 days on average.