If you compare the increase in value of investment property in Meadowbank, 2114 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.98%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Meadowbank has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.74% offered to property buyers. Sellers in Meadowbank itself are offering an average vendor discount of -5.86% to real estate investors.
Information supplied by:
Meadowbank, NSW – Unit supply falls
Median unit price: $655,000
Stock on market: -21.3%
12-month growth: -4.7%
Half an hour’s drive west of the Sydney CBD is the suburb of Meadowbank, regarded as part of the Northern Suburbs district. It is a partly commercial area that conveniently located for residents who commute to the CBD for work.
Those who live in this area are served by shops along both sides of the Meadowbank railway station and a shopping centre in the southern part of the suburb. With one of the largest TAFE campuses in Sydney established here, Meadowbank has undergone considerable gentrification in recent years.
Waterfront apartments offer beautiful views of the Parramatta River, and the suburb is connected to the Sydney Ferries network.