Suburb Profile Report for Meadow Heights VIC (3048)

Meadow Heights House: Median price $365,000, Annual capital growth 4.97%, Number of sales 146, Weekly median advertised rent $340

Meadow Heights Unit: Median price $300,000, Annual capital growth 6.62%, Number of sales 46, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 5.34% for the last 12 months, Meadow Heights, 3048 has performed for property investments than its average annual 4.97% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Meadow Heights,3048 has racked up an average of 5.34% over the period. This ranks it number 2114th in the whole country for real estate investors looking at median house price increases.

At number 395th of VIC’s most discounted properties, Meadow Heights is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.97%, investors should hope to achieve an overall return of 4.84%

With a capital gain of 7.14% for the last 12 months, Meadow Heights, 3048 has performed for property investments than its average annual 6.62% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Meadow Heights has given property investors a paper return of 3.45%. This puts Suburb as 69 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Meadow Heights are currently offering property investors an average price cut of -3.95% below the asking price at the moment.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.55%, without taking into account capital value appreciation, which has been averaging out at 6.62%.

HOUSE UNIT
$365,000 $300,000
1.39% 3.45%
5.34% 7.14%
4.97% 6.62%
$340 $320
146 46
4.84% 5.55%
74.18 90.47

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 14842
Median household income ($/weekly) 879
Median age of persons 29
Median housing loan repayment ($/monthly) 1400
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 2629 17.7
    15-19 years 1331 9.0
    25-34 years 2122 14.3
    35-44 years 2120 14.3
    45-54 years 1974 13.3
    Others 4667 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 5361 51.5
    Not Married 4741 45.5
    Defacto Relationship 317 3.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7365 52.5
    Ireland 1311 9.3
    Malaysia 503 3.6
    Turkey 1892 13.5
    Other 1117 8.0
    Others 1836 13.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 406 2.9
    Christianity 5966 43.0
    Hinduism 153 1.1
    Islam 6245 45.1
    No Religion 989 7.1
    Others 101 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 552 15.3
    $600-$799 517 14.3
    $800-$999 394 10.9
    $1,000-$1,249 392 10.9
    $1,500-$1,999 400 11.1
    Others 1357 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5389 52.0
    Employed, worked full-time 2632 25.4
    Employed, worked part-time 1361 13.1
    Unemployed, looking for work 597 5.8
    Employed, away from work 381 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 776 17.7
    Community & personal service workers 450 10.3
    Clerical & administrative workers 537 12.3
    Machinery operators & drivers 672 15.4
    Labourers 695 15.9
    Others 1245 28.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 1444 34.2
    Secondary 1363 32.2
    Technical or Further Educational Institution 464 11.0
    University or other Tertiary Institutions 492 11.6
    Other type of educational institution 242 5.7
    Others 222 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11809 82.2
    Semi-detached, row or terrace house, townhouse 1820 12.7
    Flat, unit or apartment 719 5.0
    House or flat attached to a shop, office 13 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1809 45.2
    Rented 1187 29.7
    Fully owned 982 24.5
    Other tenure type 24 0.6
    Tenure Type
Census 2011, ABS
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