Giving property investors a a stable capital gain of 4.67% for the last year, Westmeadows, 3049 is the 1469th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Westmeadows comes in at number 168th in VIC.
Sellers are offering property buyers an average discount of -4.62% to buyers in Westmeadows at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 8.35%.
Over the last year, property investments in Westmeadows, 3049 have given investors a capital gain of 9.38%. This compares favourably with the 2.97% for VIC as a whole.
Westmeadows,3049 was ranked 640 in Australia by increase in median property value over the quarter.
Residents and property investors in Westmeadows have been waiting around 59 days to sell a property.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 4.74%.