Meridan Plains

POSTAL CODE: QLD, 4551

HOUSE

UNIT

Property investors enjoyed capital gains of 8.2% over the last 12 months in MERIDAN PLAINS, translating to lower returns compared with its peers in QLD.

Figures from the previous quarter show that capital gains for real estate buyers in MERIDAN PLAINS are low, as opposed to average gains per annum over the past five years.

The suburb posted a 25.8% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

On average, rents on listings have reached the $700 mark, reflecting a 3.86% increase in returns based on the current median price in MERIDAN PLAINS.

MERIDAN PLAINS, 4551 ranks 722nd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 355th on the list of best yielding suburbs for rental properties in QLD, posting a 3.86% return.

Property investors have seen a 0.65% gain in MERIDAN PLAINS based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MERIDAN PLAINS, 4551 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 21.4%.

Based on its average 5-year and quarterly capital gains MERIDAN PLAINS, 4551 saw average growth in the long term.

MERIDAN PLAINS, 4551 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $780,000.

Profits due to an upward trend in home prices in MERIDAN PLAINS, 4551 averaged 11.81% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $640 based on current median home prices for the suburb.

The gross rental yield in MERIDAN PLAINS, 4551 is 4.27%.

An average of 2.08 real estate transactions take place per month in MERIDAN PLAINS which translates to 25 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$943,500	$780,000
Growth Report
Median Quarterly	3.11%	0.65%
Median 12 month	8.2%	21.4%
Median 3 years	25.8%	35.42%
Median 5 years	79.67%	97.72%
10 years average annual	8.57%	7.69%
Weekly media advert. rent	$700	$640
Time on Market	31.2 days	38.5 days
Gross Rental Yield Percent	3.86%	4.27%

Demographics (Median Values)*

Total Population 784

Weekly Household Income 927.9

Household Size 2.60

Average Age 44

Monthly Loan Repayment 1509

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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