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Investment Property Broadmeadows, VIC, 3047

Suburb Snapshot

Broadmeadows is a suburb in the Hume Region of Victoria. Broadmeadows has a population of 11,962 people and 39.69% of its occupants live in rental accommodation. The median listing price for houses is $520,000 and this has changed 4.00% over the past year and changed -5.46% over 2 years.

The median rent in Broadmeadows for houses is $470 per week and the median rental yield is 4.70%. Stock on the market for houses/townhouses has changed -30.00% compared to last year and the average time to sell a house/townhouse is 101 days.The median listing price for units is $404,000 and this has changed 3.58% over the past year. The average unit takes 73 days to sell and the median rent for a unit in Broadmeadows is $450 per week, producing a rental yield of 5.79%.

Supply & Demand in Broadmeadows, Hume

1.13%

Current vacancy rate


58

Rental stock available


11,962

Population


39.69%

Rental population


1.12%

Current vacancy rate


1,070

Rental stock available


197,377

Population


22.26%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Broadmeadows, Hume

  House Townhouses Units
Median listing price $520,000 $470,000 $404,000
Median price change - last quarter 0.97% 3.33% 1.00%
Median price change - 1 year 4.00% 3.29% 3.58%
Median price change - 2 years -5.46% -2.09% 3.58%
  House Townhouses Units
Median weekly rent $470 $490 $450
Median yield % 4.70% 5.42% 5.79%
Median rent change - 1 year 17.50% 13.95% 16.88%
  House Units
Previous month sales 13 1
Stock on market previous month 49 2
Stock variance vs. last year -30.00% -83.33%
Average days on market 101 73

Broadmeadows investment property listings

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