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Investment Property Westmeadows, VIC, 3049

Suburb Snapshot

Westmeadows is a suburb in the Hume Region of Victoria. Westmeadows has a population of 5,846 people and 18.97% of its occupants live in rental accommodation. The median listing price for houses is $595,000 and this has changed -0.84% over the past year and changed -2.46% over 2 years.

The median rent in Westmeadows for houses is $525 per week and the median rental yield is 4.58%. Stock on the market for houses/townhouses has changed -33.33% compared to last year and the average time to sell a house/townhouse is 46 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes 83 days to sell and the median rent for a unit in Westmeadows is $475 per week, producing a rental yield of NA.

Supply & Demand in Westmeadows, Hume

0.77%

Current vacancy rate


21

Rental stock available


5,846

Population


18.97%

Rental population


1.16%

Current vacancy rate


1,109

Rental stock available


197,377

Population


22.26%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Westmeadows, Hume

  House Townhouses Units
Median listing price $595,000 NA NA
Median price change - last quarter -0.34% NA NA
Median price change - 1 year -0.84% NA NA
Median price change - 2 years -2.46% NA NA
  House Townhouses Units
Median weekly rent $525 $520 $475
Median yield % 4.58% NA NA
Median rent change - 1 year 7.14% 7.21% NA
  House Units
Previous month sales 8 3
Stock on market previous month 16 3
Stock variance vs. last year -33.33% 50.00%
Average days on market 46 83

Westmeadows investment property listings

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