Investment property in Westmeadows has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.42%
The five-year average increase in median property values for Westmeadows,3049 has given property investors a potential capital gain of 47.56% across each of those five years.
Situated 16.53km from the CBD, Westmeadows is one of Hume (C) localities in the postcode 3049.
Westmeadows, 3049 ranked 288th in VIC when comparing growth in median property values or capital gain over the last 12 months. Westmeadows is one of 2099 in our list for VIC
Westmeadows,3049 has offered an average of -2.98% return per annum in house price rises to property investors over the last three years.
In the last year 19 properties changed hands in Westmeadows, which puts it as the 304th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 4.70%, investors should hope to achieve an overall return of 4.11%