Suburb Profile Report for Meadow Heights VIC (3048)

Meadow Heights House: Median price $358,000, Annual capital growth 4.69%, Number of sales 151, Weekly median advertised rent $340

Meadow Heights Unit: Median price $290,000, Annual capital growth 4.03%, Number of sales 37, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1677th 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 6.87% 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.

Meadow Heights, 3048 is offering VIC ‘s 432th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

In the last year 151 properties changed hands in Meadow Heights, which puts it as the 160th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $340 mark per week – giving a return of 4.94% based on the median price in Suburb

Meadow Heights, 3048 ranked 147th 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

While Meadow Heights,3048 ranked number 81th in VIC for increase in median house value (annualised) increase, it is ranked 290th over the last 5 years.

Our latest figures would indicate that property sellers in Meadow Heights are currently offering property investors an average price cut of -5.10% below the asking price at the moment.

In the last year 37 properties changed hands in Meadow Heights, which puts it as the 221th most active market in VIC when comparing the number of sales per suburb.

HOUSE UNIT
$358,000 $290,000
0.00% 2.65%
6.87% 5.45%
4.69% 4.03%
$340 $320
151 37
4.94% 5.74%
88.55 130.15

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Meadow Heights VIC
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