Airport West, 3042 ranked 470th in VIC when comparing growth in median property values or capital gain over the last 12 months. Airport West is one of 2099 in our list for VIC
Airport West,3042 has offered an average of 1.03% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Airport West should be aiming for at least -4.66% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
At number 368th in the list of Australian suburbs ordered by increase in median house value over the last year, Airport West, 3042 is in the top 30% with a property value increase of 8.06% recorded in median house prices.
Over the longer term, Airport West has seen property prices show investors a 29.03% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Airport West is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 270th in terms of most discounted suburbs in VIC
Situated 12.11km from the CBD, Airport West is one of Moonee Valley (C) localities in the postcode 3042.
Named for its proximity to the Essendon Airport, the suburb of Airport West has a lot of growth potentialFull summary
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Long-term house market
Median house price: $845,000
Three-year growth: 40.8%
Rental yield: 2.5%
Named for its proximity to the Essendon Airport, the suburb of Airport West has a lot of growth potential.
Since 2013, prices have been on a consistent positive trend, anchored by a very high average annual growth rate. Moreover, houses are selling in just over a month. The rental market is not a hotbed of cash flow, however, so investors need to be ready to buckle down for the long haul.
Airport West is bordered by the Calder Freeway and the Tullamarine Freeway. The local Westfield on Matthews is a convenient tram stop, and there are several bus routes serving the area. Another shopping district can be found on McNamara Avenue. The renowned Silver Circus also makes Airport West its base.
The suburb is home to Niddrie Primary School, Niddrie Campus, St Christopher’s Primary School and Essendon Keilor College.Close