Suburb Profile Report for Meridan Plains QLD (4551)

Meridan Plains House: Median price $526,000, Annual capital growth 1.76%, Number of sales 70, Weekly median advertised rent $470

Meridan Plains Unit: Median price $405,000, Annual capital growth 3.56%, Number of sales 25, Weekly median advertised rent $420

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

Investment property in Meridan Plains has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.55%

Across a shorter period, Meridan Plains, 4551 has seen a median price increase of 3.14% over the last quarter.

Property investors looking for a bargain in Meridan Plains should be aiming for at least -3.29% off the asking price, which is the average vendor discount being achieved at the moment.

Meridan Plains, 4551 ranked 151th in QLD when comparing growth in median property values or capital gain over the last 12 months. Meridan Plains is one of 2415 in our list for QLD

Meridan Plains,4551 was ranked 392 in Australia by increase in median property value over the quarter.

In the last year 25 properties changed hands in Meridan Plains, which puts it as the 275th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $420 mark per week – giving a return of 5.39% based on the median price in Suburb

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
$526,000 $405,000
3.14% 2.56%
3.55% 2.16%
1.76% 3.56%
$470 $420
70 25
4.65% 5.39%
68.13 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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