Meadowbank, 2114 ranked 245th in NSW when comparing growth in median property values or capital gain over the last 12 months. Meadowbank is one of 3163 in our list for NSW
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.
Vendor discounting in Meadowbank is giving property investors an average Vendor Discount of around -7.70%. This puts suburb at number 118th in NSW when ranking the most discounted suburbs.
A $477.5 per week rent on the median house gives suburb investors a gross yield of circa 3.79%, without taking into account capital value appreciation, which has been averaging out at 5.10%.
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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.