Suburb Profile Report for Meadow Heights VIC (3048)

Meadow Heights House: Median price $420,000, Annual capital growth 6.41%, Number of sales 185, Weekly median advertised rent $350

Meadow Heights Unit: Median price $325,000, Annual capital growth 5.27%, Number of sales 45, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Meadow Heights has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 18.06% to date .

Meadow Heights,3048 was ranked 364 in Australia by increase in median property value over the quarter.

Meadow Heights, 3048 is offering VIC ‘s 584th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

Often selling an investment property can take time, and in Meadow Heights the average time real estate has been on the market is 48.55 days.

Advertised rents are around the $350 mark per week – giving a return of 4.33% based on the median price in Suburb

At number 384th in the list of Australian suburbs ordered by increase in median house value over the last year, Meadow Heights, 3048 is in the top 30% with a property value increase of 12.07% recorded in median house prices.

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

Sellers are offering property buyers an average discount of -2.43% to buyers in Meadow Heights at the moment, which is less than average for the rest of VIC.

A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.44%, without taking into account capital value appreciation, which has been averaging out at 5.27%.

Metrics i HOUSE UNIT
$420,000 $325,000
7.69% 4.00%
18.06% 12.07%
6.41% 5.27%
$350 $340
185 45
4.33% 5.44%
48.55 98.05

Source: CoreLogic

DSR Score for property investment : Very good (U), Very 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
Chart Table
Recent sales & rentals