VIC/
Meadow heights

Suburb Profile

Meadow Heights - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3048

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unit

Property investors enjoyed capital gains of 24.53% over the last 12 months in MEADOW HEIGHTS, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 7.14% growth over a ten-year period. It ranks 889th on our list of suburbs that property investors should look into.

MEADOW HEIGHTS, 3048 has a capital gain of 24.53% for the past year, which is higher than average compared to its 50.65% growth within a five-year period.

With the median home price in MEADOW HEIGHTS sitting at $467,000, and the average rent at $350, property owners could potentially earn a 3.9% increase in gross rental yield.

A 24.53% increase in median property prices in MEADOW HEIGHTS, 3048 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 59th.

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

MEADOW HEIGHTS, 3048 in VIC belongs to the local government area of Hume.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $467,000 $365,000
GROWTH REPORT
Median Quarterly 6.14% 4.29%
Median 12 month 24.53% 21.67%
Median 3 years 43.69% 36.45%
Median 5 years 50.65% N/A
10 years average annual 7.14% 8.61%
Weekly media advert. rent $350 $350
Time on Market 43.9 days 66.8 days
Gross Rental Yield Percent 3.9% 4.99%
demographics (median values)
Total Population
14562
Weekly Household Income
757.6
Household Size
3.50
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Meadow Heights, VIC
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