Suburb Profile Report for Meadow Heights VIC (3048)

Meadow Heights House: Median price $479,000, Annual capital growth 5.25%, Number of sales 116, Weekly median advertised rent $380

Meadow Heights Unit: Median price $378,000, Annual capital growth 4.35%, Number of sales 23, Weekly median advertised rent $375

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of -6.12% for the last 12 months, Meadow Heights, 3048 has performed for property investments than its average annual 5.25% property growth over the last 5 years.

The five-year average increase in median property values for Meadow Heights,3048 has given property investors a potential capital gain of 48.99% across each of those five years.

Meadow Heights3048 is located in VIC which offers an average discount of -6.90% to property investors. Meadow Heights itself is showing figures that indicate -8.86% is the average achievable by property buyers investing in the suburb.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.13%, without taking into account capital value appreciation, which has been averaging out at 5.25%.

At number 983th in the list of Australian suburbs ordered by increase in median house value over the last year, Meadow Heights, 3048 is in the BOTTOM 40% with a property value increase of -4.55% recorded in median house prices.

If we look at median property appreciation over just the last three months, Meadow Heights has given property investors a paper return of 1.27%. This puts Suburb as 186 on a list of fastest fasting appreciating suburbs in VIC

Vendor discounting in Meadow Heights is giving property investors an average Vendor Discount of around -5.32%. This puts suburb at number 189th in VIC when ranking the most discounted suburbs.

Metrics i HOUSE UNIT
$479,000 $378,000
0.84% 1.27%
-6.12% -4.55%
5.25% 4.35%
$380 $375
116 23
4.13% 5.16%
81.7564102564103 75.36

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 14842
Median household income ($/weekly) 879
Median age of persons 29
Median housing loan repayment ($/monthly) 1400
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 2629 17.7
    15-19 years 1331 9.0
    25-34 years 2122 14.3
    35-44 years 2120 14.3
    45-54 years 1974 13.3
    Others 4667 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 5361 51.5
    Not Married 4741 45.5
    Defacto Relationship 317 3.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7365 52.5
    Ireland 1311 9.3
    Malaysia 503 3.6
    Turkey 1892 13.5
    Other 1117 8.0
    Others 1836 13.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 406 2.9
    Christianity 5966 43.0
    Hinduism 153 1.1
    Islam 6245 45.1
    No Religion 989 7.1
    Others 101 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 552 15.3
    $600-$799 517 14.3
    $800-$999 394 10.9
    $1,000-$1,249 392 10.9
    $1,500-$1,999 400 11.1
    Others 1357 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5389 52.0
    Employed, worked full-time 2632 25.4
    Employed, worked part-time 1361 13.1
    Unemployed, looking for work 597 5.8
    Employed, away from work 381 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 776 17.7
    Community & personal service workers 450 10.3
    Clerical & administrative workers 537 12.3
    Machinery operators & drivers 672 15.4
    Labourers 695 15.9
    Others 1245 28.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 1444 34.2
    Secondary 1363 32.2
    Technical or Further Educational Institution 464 11.0
    University or other Tertiary Institutions 492 11.6
    Other type of educational institution 242 5.7
    Others 222 5.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11809 82.2
    Semi-detached, row or terrace house, townhouse 1820 12.7
    Flat, unit or apartment 719 5.0
    House or flat attached to a shop, office 13 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1809 45.2
    Rented 1187 29.7
    Fully owned 982 24.5
    Other tenure type 24 0.6
    Tenure Type
Census 2011, ABS
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