Suburb Profile Report for Meadow Heights VIC (3048)

Meadow Heights House: Median price $370,000, Annual capital growth 5.09%, Number of sales 145, Weekly median advertised rent $340

Meadow Heights Unit: Median price $300,000, Annual capital growth 6.63%, Number of sales 44, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Meadow Heights has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.32%

The five-year average increase in median property values for Meadow Heights,3048 has given property investors a potential capital gain of 14.73% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Meadow Heights, 3048. Typically our figures indicate that -3.79% is being offered, which puts this VIC suburb at 3314th most discounted overall in Australia.

On average over the past year, suburb has had 12.08 sales per month, which equates to 145 per year.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 5.09%.

VIC has seen average median house prices change by 2.98% which means that Meadow Heights, 3048 has done well for property investors by showing a capital gain of 7.14% over the last year

The five-year average increase in median property values for Meadow Heights,3048 has given property investors a potential capital gain of 2.74% across each of those five years.

The most recent median price for Meadow Heights is $300000, with sellers offering an average of -3.36% off the asking price.

The VIC suburb of Meadow Heights, 3048 is in the Hume local government area.

Metrics i HOUSE UNIT
$370,000 $300,000
2.78% 2.04%
6.32% 7.14%
5.09% 6.63%
$340 $325
145 44
4.78% 5.63%
70.02 93.93

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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