If you compare the increase in value of investment property in Meadowbank, 2114 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.78%.
When looking at the potential capital gains offered to property investors over the last 3 years, Meadowbank comes in at number 516th in NSW.
Sellers are offering property buyers an average discount of -5.41% to buyers in Meadowbank at the moment, which is less than average for the rest of NSW.
With the median price for a house in Meadowbank being $665000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.75%
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