Fraud Blocker

Meeniyan, VIC 3956

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Meeniyan, VIC 3956 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Meeniyan, VIC 3956”

  1. The total adult population (15 years or older) of Meeniyan 3956 VIC is 668, with a median age of 42. Of those, 51.80% are married, 11.68% are divorced or separated, 29.79% are single and 6.89% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,892. The median monthly mortgage repayment for households in this suburb is $1,387 which is 20.12% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of Meeniyan, 3956, boasts a tight-knit community with an estimated 492 households. As we look towards Q3 of 2023, the typical price for houses in Meeniyan is $697,977, and with a median weekly rent of $336, we’re seeing an indicative yield of 2.5%.

    When we consider the socio-economic score, Meeniyan offers a relatively positive outlook with an IRSAD score of 987 out of a possible 1217. This indicates a healthier socio-economic environment in the area, reflecting favourable income levels and access to economic resources.

    The current renter to owner ratio stands at a desirable 18%, supporting a stable property market less subject to fluctuations commonly witnessed in renter-dominated areas. In terms of the property share, we see that only 6% are units, indicating that the area maintains a strong focus on family-friendly housing, which is typically more resilient to market downturns and offers more substantial yields.

    However, the suburb’s affordability index marks 40 years, underlining the high relative cost of homeownership in this area. It indicates that a buyer will need around 40 years to fully own a property, considering factors such as the typical property prices, median family income, and current interest rates.

    The current stock on market Percentage for houses sits at 0.61%, representing a neutral supply market. The inventory level for houses is somewhat high, at 7.2 months, indicating a larger period needed to exhaust the current supply if no new properties are listed.

    The building approvals Ratio for houses is at 0%, denoting minimal new supply in the pipeline. Buyers should note that the average days on market for houses is relatively high at 117, suggesting a softer demand.

    However, counterbalancing this, the Vacancy Rate, including both houses and units, sits low at only 1.15%, indicating a tight rental market with a higher demand for rental accommodation relative to supply. Lastly, the buy search index for houses sits at a neutral position of 5, indicating an average level of buying interest in houses as per the state or city average.

    Taking into consideration the above complex elements of the Meeniyan property market, it’s prudent to leverage comprehensive insights, such as the HtAG Analytics’ Relative Composite Score, to effectively gauge the potential investment opportunities in this suburb. Remember, while some metrics may appear unfavourable, the overall picture must be considered, with buy or hold decisions based on a combination of factors and trends.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment