Suburb Profile Report for Meadow Heights VIC (3048)

Meadow Heights House: Median price $360,000, Annual capital growth 4.68%, Number of sales 138, Weekly median advertised rent $340

Meadow Heights Unit: Median price $295,000, Annual capital growth 4.27%, Number of sales 40, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1999th in the list of Australian suburbs ordered by increase in median house value over the last year, Meadow Heights, 3048 is in the top half with a property value increase of 4.35% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Meadow Heights has increased when compared to the 5 year average annual rate.

Vendor discounting in Meadow Heights is giving property investors an average Vendor Discount of around -4.88%. This puts suburb at number 396th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Meadow Heights the average time real estate has been on the market is 77.62 days.

With the median price for a house in Meadow Heights being $360000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.91%

VIC has seen average median house prices change by 3.19% which means that Meadow Heights, 3048 has done well for property investors by showing a capital gain of 5.36% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Meadow Heights comes in at number 221th in VIC.

At number 161th of VIC’s most discounted properties, Meadow Heights is in the middle of the state/territory when listing in order of most discounted to least.

HOUSE UNIT
$360,000 $295,000
0.70% 2.61%
4.35% 5.36%
4.68% 4.27%
$340 $320
138 40
4.91% 5.64%
77.62 86.38

Source: CoreLogic

DSR Score for property investment : Very 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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Recent sales & rentals