Broadmeadows Property Market: 35% Cheaper Than Glenroy | Suburb Check

Broadmeadows was requested by comment, so we ran the numbers — and the standout is the 35% price gap to Glenroy across the road. The market is still discounted, but the data says it’s now showing real growth momentum. → Median house price: $670,000 from 104 sales (12 months to June 2026) → 12-month growth: 11.7% vs a smooth index up 9.7% → House rents: $500 per week, up 50% since 2021 → Gross yield: 3.8% → Vacancy rate: 2.9% → Broadmeadows momentum score: 82/100; Glenroy: 93, Gladstone Park: 94 The verdict: Broadmeadows looks like a stigma-arbitrage play, not a gentrification story. The discount may still be too wide, but the lack of a clear catalyst means this is better suited to patient yield-and-value buyers than anyone relying on a quick reputation reset. Download our no-cost Top Five Markets Report 2026 → https://ripe.house/broadmeadows Want your suburb checked next? Drop it in the comments. Subscribe for the next Suburb Check. #Broadmeadows #VICProperty #AustralianProperty #PropertyInvesting #SuburbCheck This video is general information only and not financial or investment advice. Consider your own circumstances and seek professional advice.

$670,000 buys a house 16km from Melbourne's CBD on a Metro train line. Cross one road south into Glenroy and the same geography costs $903,000, 35% more. Same dirt, different council and one of the heaviest stigma discounts in Australian property. This is Broadmeadows, Melbourne's most infamous postcode, and the data is far more conflicted than the reputation. This video exists because of a single word comment. After a recent video, Andrea Spivot-Marsh typed one word, Broadmeadows, that's all it takes. You ask, we run the data and here's the road map. Growth in Broadie is suddenly accelerating after four flat years, rents are up 50% since 2021, and yet this suburb sits in the most disadvantaged 1% bracket the census can measure. Stick around because near the end I'll kill off the number one myth people quote about Broadmeadows, an infrastructure project that is not coming here. First, how we judge any suburb, the same way every time. Property selection is a science, not a guess, employment, projects, lifestyle and population push demand up, new supply caps it. What's left over is opportunity, the only number that matters. Broadmeadows is the ultimate stress test of that method because here, perception and data point in opposite directions. Most research stops at the suburb median. We go four layers deeper, LGA, suburb, street, than the individual property. In Broadmeadows, the layers hide something unusual. This is a postcode where even the postcode number lies, 3047 includes Dallas and Jakarta and they drag the average down. The suburb itself reads differently and the street layer later in this video will surprise you more than anything else here. The headline numbers, over the 12 months to June 2026, Broadmeadows houses sold at a median of 670,000 from 104 sales, a genuine sample. A year earlier, 600,000 flat. That's 11.7% growth in a year and our smooth index agrees up 9.7%, 620 to 680. Here's why that matters. This suburb spent 2021 to 2024 going basically nowhere. The growth isn't steady. It's an acceleration and it just started. Zoom out and you see the rhythm, 381 and a half thousand in 2016, a violent 35% leg up in 2017, a 14% correction in 2019, then years of chop, 565 in 2021, still 565 in 2024, dead money for three years, then 2025 and 2026, both print plus 9.7, 10 year total, 78%. One caveat, we'd be dishonest to skip. The index spiked to 690 in January, then slipped back to 670 by May before bouncing. If the second half of this year can't push through 700, the acceleration story stalls. The futures are half the ledger. The rent side is where Brodie gets genuinely interesting. House rents were $334 a week in late 2021. Today, 500. That's a 50% surge in under five years. And after a breather in 2025, rents are moving again up 5.3% in the last 12 months. 500 a week on a 680 house is a gross yield of 3.8%. Now one honest flag, vacancy is 2.9%. That's moderate. Not the ultra tight one point somethings you see in genuinely starved markets. There's demand here, but there's slack too. We won't oversell it. Now the part most property videos would bury. We're putting it front and centre. Broadmeadows is safer to sile one. The most disadvantaged ban the census measures in a knot on one dimension. All four, income, education, employment, resources, one, one, one, one, 12.67% of dwellings are public housing as a legacy of the housing commissioner state built here from 1949. Now our score, our momentum measure sits at 82 out of a hundred