Property value increases in Westmeadows have tracked just higher than the VIC average of 10.47% over the last 12 months.
Taking the average capital gain, or increase in median house value, Westmeadows,3049 has racked up an average of 17.48% over the period. This ranks it number 615th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Westmeadows 3049 should be seeing an average reduction in asking price of around -1.86% . This means that Westmeadows is holding prices well when compared to other suburbs in VIC.
In the last year 87 properties changed hands in Westmeadows, which puts it as the 306th most active market in VIC when comparing the number of sales per suburb.
Westmeadows is 306th on a list of best yielding suburbs for rents in VIC with a 3.18% return
Property investors who have had real estate in Westmeadows, 3049 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 27.04%
If we look at median property appreciation over just the last three months, Westmeadows has given property investors a paper return of 5.21%. This puts Suburb as 68 on a list of fastest fasting appreciating suburbs in VIC
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.70% offered to property buyers. Sellers in Westmeadows itself are offering an average vendor discount of -4.18% to real estate investors.
Renters in Suburb are facing rents around $4500 per annum or $375 every week.