Meadow Springs

POSTAL CODE: WA, 6210
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 62.72% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $748,500

The augmented property values in the suburb are trailing behind the territorial average of 13.59% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in MEADOW SPRINGS usually have to wait an average of 30.3 days days before their assets are lifted off the market.

The WA suburb ranks 177th on the list of best yielding suburbs for rental properties in WA, posting a 4.52% return.

It also places places 352nd in Australia based on median property value growth during the quarter.

Surburb overview

A charming suburb with breathtaking natural surroundings, perfect for outdoor enthusiasts and families, Meadow Spring is located in the City of Mandura and is approximately 70 kilometres from Perth CBD.

Covering an area of 4.856 square kilometres, the suburb is located in the Australian Western Standard Time zone Australia/Perth and has a recorded population of more than 9,000 residents as of the 2021 ABS Census.

The amenities in Meadow Springs are well-developed and easily accessible to residents. There are several schools accessible in the area, including Meadow Springs Primary School and Mandurah Baptist College, which provide education to children of all ages.

Meadow Springs also offers a range of lifestyle amenities, such as the Meadow Springs Golf and Country Club, several parks and reserves, beautiful beaches, and sports and recreational facilities like the Meadow Springs Recreation Centre.

In terms of growth prospects, Meadow Springs is expected to continue to grow in popularity in the coming years, thanks to its proximity to Perth and its well-established amenities.

The Western Australian Planning Commission forecasts that the population of the Peel region, where Meadow Springs is located, will grow significantly in the coming years, creating opportunities for investors and home buyers alike.

Infrastructure plans for the area include the development of new roads, public transport services, and community facilities, which will only add to the suburb’s appeal. Notably, the suburb will soon be serviced by Lakelands Station, which means residents will no longer need to make their way into Mandurah to access Perth transport runs, and is likely to boost the area’s popularity with families, commuting professionals, and retirees seeking ease of public transport.

With a median price tag of under $500,000, the suburb is also a great starting point for those who are looking to enter the property market.

Additionally, investors interested in the area should take note of the strong rental market, with the suburb experiencing a high demand for rental properties due to its proximity to major urban centres and established amenities.

Overall, Meadow Springs is a suburb that offers a high quality of life, making it an attractive option for both investors and home buyers looking for a great place to live or invest.

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