Suburb Profile Report for Meadowbank NSW (2114)

Meadowbank Unit: Median price $656,750, Annual capital growth 5.78%, Number of sales 104, Weekly median advertised rent $480

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Meadowbank, 2114 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.98%.

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

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.74% offered to property buyers. Sellers in Meadowbank itself are offering an average vendor discount of -5.86% to real estate investors.

Information supplied by:




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Meadowbank, NSW – Unit supply falls

Postcode: 2114

Median unit price: $655,000

Stock on market: -21.3%

12-month growth: -4.7%

Half an hour’s drive west of the Sydney CBD is the suburb of Meadowbank, regarded as part of the Northern Suburbs district. It is a partly commercial area that conveniently located for residents who commute to the CBD for work.

Those who live in this area are served by shops along both sides of the Meadowbank railway station and a shopping centre in the southern part of the suburb. With one of the largest TAFE campuses in Sydney established here, Meadowbank has undergone considerable gentrification in recent years.

Waterfront apartments offer beautiful views of the Parramatta River, and the suburb is connected to the Sydney Ferries network.

Metrics i HOUSE UNIT
N/A $656,750
N/A 1.04%
N/A -1.98%
N/A 5.78%
N/A $480
N/A 104
N/A 3.80%
N/A 63.2463768115942

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. 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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