Suburb Profile Report for Meadow Heights VIC (3048)

Meadow Heights House: Median price $375,000, Annual capital growth 5.30%, Number of sales 161, Weekly median advertised rent $330

Meadow Heights Unit: Median price $300,000, Annual capital growth 6.61%, Number of sales 41, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.27% which means that Meadow Heights, 3048 has done well for property investors by showing a capital gain of 7.14% over the last year

Comparing Meadow Heights,3048 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Meadow Heights is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 597th in terms of most discounted suburbs in VIC

In the last year 161 properties changed hands in Meadow Heights, which puts it as the 153th most active market in VIC when comparing the number of sales per suburb.

Meadow Heights, 3048 ranked 124th in VIC when comparing growth in median property values or capital gain over the last 12 months. Meadow Heights is one of 2098 in our list for VIC

The five-year average increase in median property values for Meadow Heights,3048 has given property investors a potential capital gain of 3.81% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Meadow Heights is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 269th in terms of most discounted suburbs in VIC

In the last year 41 properties changed hands in Meadow Heights, which puts it as the 204th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Meadow Heights being $300000 and the advertised rent reaching $327.5 the gross rental yield for property investors calculates out to be 5.68%

Metrics i HOUSE UNIT
$375,000 $300,000
2.74% 1.18%
7.14% 7.14%
5.30% 6.61%
$330 $328
161 41
4.58% 5.68%
55.82 99.81

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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