If you compare the increase in value of investment property in Meadowbank, 2114 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.15%.
If we look at median property appreciation over just the last three months, Meadowbank has given property investors a paper return of -4.48%. This puts Suburb as 508 on a list of fastest fasting appreciating suburbs in NSW
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 Meadowbank, 2114. Typically our figures indicate that -5.75% is being offered, which puts this NSW suburb at 479th most discounted overall in Australia.
In a valley on the Parramatta River’s northern bank, the suburb of Meadowbank has benefited from Sydney’s recent price boomFull summary
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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.Close