At number 1042th in the list of Australian suburbs ordered by increase in median house value over the last year, Meadowbank, 2114 is in the BOTTOM 40% with a property value increase of -6.20% recorded in median house prices.
Across a shorter period, Meadowbank, 2114 has seen a median price increase of 0.00% over the last quarter.
At number 127th of NSW’s most discounted properties, Meadowbank is in the bottom 40% of the state/territory when listing in order of most discounted to least.
In the last year 93 properties changed hands in Meadowbank, which puts it as the 110th most active market in NSW when comparing the number of sales per suburb.
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Apartment stock goes up
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.