Meadowbank, 2114 ranked 294th 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
While Meadowbank,2114 ranked number 457th in NSW for increase in median house value (annualised) increase, it is ranked 321th over the last 5 years.
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 -7.31% is being offered, which puts this NSW suburb at 339th most discounted overall in Australia.
Often selling an investment property can take time, and in Meadowbank the average time real estate has been on the market is 85.661 days.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 5.67%, investors should hope to achieve an overall return of 3.90%
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.