Suburb Profile
Meadow Heights - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3048
Property investors enjoyed capital gains of 23.6% 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 7.43% growth over a ten-year period. It ranks 790th on our list of suburbs that property investors should look into.
MEADOW HEIGHTS, 3048 has a capital gain of 23.6% for the past year, which is higher than average compared to its 56.24% growth within a five-year period.
With the median home price in MEADOW HEIGHTS sitting at $485,125, and the average rent at $350, property owners could potentially earn a 3.75% increase in gross rental yield.
A 23.6% 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 | $485,125 | $370,002 |
| GROWTH REPORT | ||
| Median Quarterly | 7.69% | 4.97% |
| Median 12 month | 23.6% | 19.36% |
| Median 3 years | 47.01% | 34.55% |
| Median 5 years | 56.24% | 34.55% |
| 10 years average annual | 7.43% | 6.12% |
| Weekly media advert. rent | $350 | $345 |
| Time on Market | 41.5 days | 54.6 days |
| Gross Rental Yield Percent | 3.75% | 4.85% |
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