Suburb Profile Report for Meadowbank NSW (2114)

Meadowbank Unit: Median price $655,000, Annual capital growth 6.33%, Number of sales 102, Weekly median advertised rent $480

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Giving property investors a an average capital gain of -3.68% for the last year, Meadowbank, 2114 is the 946th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Meadowbank comes in at number 529th in NSW.

Vendor discounting in Meadowbank is giving property investors an average Vendor Discount of around -7.06%. This puts suburb at number 132th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Meadowbank the average time real estate has been on the market is 76.9483 days.

The NSW suburb of Meadowbank, 2114 is in the Ryde (C) local government area.

Information supplied by:


November 2018

M
O

W
E

Apartment stock goes up

Postcode: 2114

Median unit price: $670,500

Stock on market: 39.4%

12-month growth: 5.9%

In a valley on the Parramatta River’s northern bank, the suburb of Meadowbank has benefited from Sydney’s recent price boom.

Meadowbank is considered part of the Northern Suburbs district, and is just 15km from the Sydney CBD. The local railway station is bordered by shops and a shopping centre, providing not just convenience but accessibility as well. Meadowbank TAFE is a major campus and a well-known institution in the area.

The suburb has undergone considerable gentrification, with high-rise developments going up to capitalise on the waterfront view. In fact, unit stock rose significantly from 66 in August 2017 to 92 a year later, indicating a 39.4% boost in supply. It seems that the high prices in this area are not a deterrent, as apartments are selling very quickly, staying on the market for just 37 days on average.

Metrics i HOUSE UNIT
N/A $655,000
N/A -0.68%
N/A -3.68%
N/A 6.33%
N/A $480
N/A 102
N/A 3.81%
N/A 76.94827

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 3666
Median household income ($/weekly) 1419
Median age of persons 31
Median housing loan repayment ($/monthly) 2000
Average household size 2
  • Census Count Percent(%)
    20-24 years 369 10.1
    25-34 years 1410 38.5
    35-44 years 623 17.0
    45-54 years 325 8.9
    55-64 years 261 7.1
    Others 679 18.5
    Age Group
    Census Count Percent(%)
    Registered Married 1343 44.8
    Not Married 1305 43.5
    Defacto Relationship 349 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1258 37.1
    Croatia 445 13.1
    Indonesia 245 7.2
    Lebanon 380 11.2
    Other 312 9.2
    Others 750 22.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 213 6.5
    Christianity 1667 50.7
    Hinduism 254 7.7
    Islam 101 3.1
    No Religion 992 30.2
    Others 60 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 156 9.7
    $1,250-$1,499 156 9.7
    $1,500-$1,999 266 16.6
    $2,000-$2,499 153 9.5
    $2,500-$2,999 165 10.3
    Others 707 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1618 53.0
    Not in the labour force 724 23.7
    Employed, worked part-time 471 15.4
    Unemployed, looking for work 155 5.1
    Employed, away from work 87 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 264 12.1
    Professionals 775 35.6
    Technicians & trades workers 204 9.4
    Clerical & administrative workers 393 18.0
    Sales 169 7.8
    Others 374 17.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 92 10.9
    Secondary 89 10.5
    Technical or Further Educational Institution 138 16.4
    University or other Tertiary Institutions 427 50.6
    Other type of educational institution 61 7.2
    Others 37 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3161 93.7
    Separate house 152 4.5
    Semi-detached, row or terrace house, townhouse 62 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1035 62.3
    Being purchased 405 24.4
    Fully owned 210 12.6
    Other tenure type 11 0.7
    Tenure Type
Census 2011, ABS
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