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Meridan Plains
AREA REPORTS

Meridan Plains

Meridan Plains - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4551

house
unit

Property investors enjoyed capital gains of 24.06% 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 high, as opposed to average gains per annum over the past five years.

The suburb posted a 25.36% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

On average, rents on listings have reached the $550 mark, reflecting a 4.35% increase in returns based on the current median price in MERIDAN PLAINS.

MERIDAN PLAINS, 4551 ranks 414th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 347th on the list of best yielding suburbs for rental properties in QLD, posting a 4.35% return.

Data report can be found below

Meridan Plains
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $657,500 $465,000
GROWTH REPORT
Median Quarterly 10.5% 4.49%
Median 12 month 24.06% 16.54%
Median 3 years 25.36% 13.69%
Median 5 years 22.9% 14.69%
10 years average annual 5.92% 5.69%
Weekly media advert. rent $550 $450
Time on Market 25.1 days 0.0 days
Gross Rental Yield Percent 4.35% 5.03%
demographics (median values)*
Total Population
784
Weekly Household Income
927.9
Household Size
2.60
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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