Property investors who have had real estate in Westmeadows, 3049 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.15%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Westmeadows has increased when compared to the 5 year average annual rate.
Westmeadows, 3049’s gross rental yield is 3.46%
If you compare the increase in value of investment property in Westmeadows, 3049 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.11%.
When looking at the potential capital gains offered to property investors over the last 3 years, Westmeadows comes in at number 47th in VIC.
Often selling an investment property can take time, and in Westmeadows the average time real estate has been on the market is 74.4615 days.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.08%, without taking into account capital value appreciation, which has been averaging out at 4.33%.