How Much is My Home Worth in Westmeadows?
The median price for a house in Westmeadows is $600,000 as of February 27, 2020. A median-priced unit is $505,500. There have been 69 houses and 17 units sold in the last year. Of the house sales, 47 were three-bedroom homes. The average annual capital growth for houses is 6.38% and units is 4.31%. The 12-month capital growth is 0.00% on houses and -3.55% for units. The Demand to Supply Ratio or DSR rating has houses rated as above average and units or apartments as good. A good rating says that there are many buyers looking at the same property. Vendors do not have to wait long for a healthy offer. This is driving the price of units up. As an investment expect the capital growth to be ahead of the national average.
House prices and rent returns in Westmeadows.
- 3 bedroom home $557,500 Rent per week $398
- 4 bedroom home $663,500 Rent per week $491
Unit prices and rent returns in Westmeadows.
- 2 bedroom unit $430,500 Rent per week $390
- 3 bedroom unit $543,000 Rent per week $415
The gross rental yield for a house is 3.44% and for units, it is 4.14%. It takes on average 40 days to sell a house in Westmeadows.
Free Real Estate Appraisal Westmeadows
Are you thinking of selling your house, unit or land in Westmeadows? Or do you just want to know your homes market price? Our real estate sales agents will provide a free and accurate market price. Our valuation is based on the property’s location to schools, shops, transport and amenities. We have a list of potential buyers looking to purchase property in Westmeadows.
Free Rental Appraisal Westmeadows
Are you moving and want to rent your home? Or, do you own an investment property and need a rental manager? Our property management team will appraise your house or unit for free. We can determine how much rent you can expect to receive per week. Currently, the O’Brien Real Estate Group manage over 3600 properties. Our software alerts us to routine property inspections, collects the rent and delivers full tax accounting files. We build relationships with our owners to maximise their rent return.
Property Valuation Westmeadows
Are you aware there is a difference between a property valuation and a real estate appraisal? If for legal reasons you need your home valued then you must employ a registered valuer. There will be a fee attached to this service. If you want an appraisal then a licenced real estate agent can provide this service. We do appraisals for free.
Westmeadows to Melbourne Airport 3.5 kilometres
Lifestyle in Westmeadows
At the last Census there wre 5845 people residing in Westmeadows which is located 17 kilometres north of Melbourne. The average age of the residents are between 20 -39. Families make up 46% of the population. There are multipls reserves and sporting clubs. Westmeadows is just 3.5 kilometres from Melbourne Airport. Its southern border runs along the M2 Motorway. Neighbouring suburbs include Attwood, Gladstone Park and Broadmeadows. The nearest train stations are Coolaroo and Broadmeadows.
Schools in Westmeadows
There is 1 school in Westmeadows.
- Westmeadows Primary School Co-educational