Suburb Profile Report for Meridan Plains QLD (4551)

Meridan Plains House: Median price $519,000, Annual capital growth 1.68%, Number of sales 69, Weekly median advertised rent $470

Meridan Plains Unit: Median price $399,900, Annual capital growth 3.37%, Number of sales 21, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3100th in the list of Australian suburbs ordered by increase in median house value over the last year, Meridan Plains, 4551 is in the BOTTOM 30% with a property value increase of -1.13% recorded in median house prices.

Comparing Meridan Plains,4551 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 792th of QLD’s most discounted properties, Meridan Plains is in the TOP 10% of the state/territory when listing in order of most discounted to least.

At number 969th in the list of Australian suburbs ordered by increase in median house value over the last year, Meridan Plains, 4551 is in the BOTTOM 50% with a property value increase of 0.87% recorded in median house prices.

If we look at median property appreciation over just the last three months, Meridan Plains has given property investors a paper return of 1.51%. This puts Suburb as 89 on a list of fastest fasting appreciating suburbs in QLD

Meridan Plains is 187th on a list of best yielding suburbs for rents in QLD with a 5.20% return

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
$519,000 $399,900
1.78% 1.51%
-1.13% 0.87%
1.68% 3.37%
$470 $400
69 21
4.71% 5.20%
80.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (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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