Suburb Profile Report for Meridan Plains QLD (4551)

Meridan Plains House: Median price $513,000, Annual capital growth 1.89%, Number of sales 74, Weekly median advertised rent $460

Meridan Plains Unit: Median price $393,000, Annual capital growth 2.85%, Number of sales 29, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Meridan Plains, 4551 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.02%

Over the longer term, Meridan Plains has seen property prices show investors a 11.89% return over the last 3 years. This is worse than over the last 12 months

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.63% offered to property buyers. Sellers in Meridan Plains itself are offering an average vendor discount of -3.37% to real estate investors.

Residents and property investors in Meridan Plains have been waiting around 76.54 days to sell a property.

Situated 78.48km from the CBD, Meridan Plains is one of Sunshine Coast localities in the postcode 4551.

With a capital gain of -1.73% for the last 12 months, Meridan Plains, 4551 has performed for property investments than its average annual 2.85% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Meridan Plains has given property investors a paper return of 0.26%. This puts Suburb as 141 on a list of fastest fasting appreciating suburbs in QLD

Meridan Plains, 4551 is offering QLD ‘s 294th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.

Information supplied by:


July 2017

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House values almost hit $530,000 over the April 2017 quarter, with over 6% growth reported during this period.Full summary

Sun shines on houses in Sunshine Coast suburb
Median house price: $529,500
Three-year growth: 16.37%
Rental yield: 4.42%

Situated along the Sunshine Coast, the suburb of Meridan Plains is riding the wave of demand being experienced throughout the region as a result of infrastructure development.

House values almost hit $530,000 over the April 2017 quarter with over 6% growth reported during this period. Nonetheless, these properties continue to sell at low discount rates that average just 3.7% while offering a strong average yield of 4.4%, drawing investors who wish to capitalise on the Sunshine Coast’s popularity.

Part of Meridan Plains lies within the Caloundra urban centre, which is only 8km away. Residents are served by many local schools, including the Caloundra campus of the Sunshine Coast Institute of TAFE, a hospital, shopping centres and various parks. Buses make daily runs along the coast.

Close
Metrics i HOUSE UNIT
$513,000 $393,000
1.48% 0.26%
-4.02% -1.73%
1.89% 2.85%
$460 $400
74 29
4.66% 5.29%
76.54 56.6

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Meridan Plains QLD
Demographics
Total population 1699
Median household income ($/weekly) 940
Median age of persons 39
Median housing loan repayment ($/monthly) 2200
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 245 14.4
    25-34 years 228 13.4
    35-44 years 248 14.6
    65-74 years 266 15.6
    75-84 years 163 9.6
    Others 550 32.4
    Age Group
    Census Count Percent(%)
    Registered Married 801 65.3
    Not Married 282 23.0
    Defacto Relationship 143 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1234 74.8
    New Zealand 19 1.2
    Papua New Guinea 84 5.1
    United Kingdom 237 14.4
    Other 32 1.9
    Others 43 2.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1175 74.6
    No Religion 397 25.2
    Buddhism 3 0.2
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 86 14.5
    $600-$799 79 13.3
    $800-$999 84 14.1
    $1,250-$1,499 58 9.7
    $1,500-$1,999 79 13.3
    Others 209 35.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 593 46.4
    Employed, worked full-time 396 31.0
    Employed, worked part-time 211 16.5
    Unemployed, looking for work 39 3.1
    Employed, away from work 38 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 97 15.0
    Professionals 118 18.3
    Technicians & trades workers 97 15.0
    Community & personal service workers 66 10.2
    Clerical & administrative workers 106 16.4
    Others 161 25.0
    Occupation
    Census Count Percent(%)
    Pre-school 36 10.0
    Infants/Primary 175 48.7
    Secondary 81 22.6
    Technical or Further Educational Institution 15 4.2
    University or other Tertiary Institutions 45 12.5
    Others 7 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1457 89.6
    Semi-detached, row or terrace house, townhouse 170 10.4
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 249 38.6
    Being purchased 208 32.2
    Rented 150 23.3
    Other tenure type 38 5.9
    Tenure Type
Census 2011, ABS
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