Westmeadows is a mid-sized suburb in Victoria within the Hume local government area (postcode 3049). With a population of 6,502, the suburb has an established demographic with a median age of 39. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Westmeadows is $670,000, having declined 7.9% over the past year. Units have a median price of $600,000 (+8% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,733.
Westmeadows is served by 1 school, including 1 primary. The average ICSEA score is 992, which is around the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Westmeadows offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($670K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved -7.9% year-on-year.
Westmeadows is a mid-sized suburb in Victoria within the Hume local government area (postcode 3049). With a population of 6,502, the suburb has an established demographic with a median age of 39. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Westmeadows is $670,000, having declined 7.9% over the past year. Units have a median price of $600,000 (+8% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,733.
Westmeadows is served by 1 school, including 1 primary. The average ICSEA score is 992, which is around the national average of 1,000. Public transport access includes 38 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Westmeadows offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($670K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved -7.9% year-on-year.