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Meadow Heights, VIC 3048

Home » VIC Real Estate Data » Hume City, VIC » Meadow Heights, VIC 3048

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 Meadow Heights, VIC 3048 located in Melbourne 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 

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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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.

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0 thoughts on “Meadow Heights, VIC 3048”

  1. The total adult population (15 years or older) of Meadow Heights 3048 VIC is 11,694, with a median age of 34. Of those, 47.09% are married, 12.59% are divorced or separated, 35.90% are single and 4.50% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $5,368. The median monthly mortgage repayment for households in this suburb is $1,460 which is 27.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the Australian state of Victoria, the suburb of MEADOW HEIGHTS 3048 is home to an estimated 5148 households. The typical house price in this suburb as of Q3 2023 stands at $639,427, with a median weekly rent of $412. These figures result in an indicative yield of 3.35%, a figure that sits within the preferable range for many cash-flow focused property investors.

    The demographic profile of MEADOW HEIGHTS 3048, reflected in its IRSAD score of 845 out of 1217, indicates a middle-range socio-economic status. This suggests that the area has moderate access to economic resources and a population with diverse professional skills and income levels.

    Striking a balance in terms of rental properties, the suburb’s renter to owner ratio of 31% is just above the ideal benchmark. This figure suggests that the suburb maintains a healthy balance between owned and rented properties, without leaning towards an over-saturated rental market that could potentially dilute investment returns over the long term.

    In addition, with a low units to houses ratio of 17%, MEADOW HEIGHTS 3048 is less likely to face the problem of rental market over-saturation associated with a high concentration of apartments, flats, and studios. This favourable ratio may support more stable rental yields as it tends to attract longer-term tenancies often associated with families.

    However, the suburb’s affordability index of 47 years is higher than desirable, pointing towards less favourable market conditions in terms of property ownership within a typical 30-year mortgage period.

    Analyzing the suburb’s supply metrics, we see a stock on market Percentage of 0.31% for houses, which is a favourable indication. A lower SOM value suggests that there is a tighter supply of properties on market in this suburb. Additionally, the inventory level for houses was 1.27 months, which falls within the favourable supply range. The building approvals Ratio is 0.31%, which is again within the favourable low-supply range, suggesting a balance in the new dwelling supply.

    In terms of demand, houses in MEADOW HEIGHTS 3048 stay on the market for an average of 29 days— a relatively short duration that falls within the high demand category. Furthermore, a low vacancy rate of 0.32% for houses and units combined points towards an environment of high demand which is favourable for property investors. However, a buy search index of 3 indicates potentially limited demand, something to keep an eye on.

    In the broad view, the favourable metrics in many areas make MEADOW HEIGHTS 3048 a suburb for investors to explore. Despite a not-so-favourable affordability index and a moderate Buy Search Index, the suburb’s overall viability for investors is buttressed by its balanced renter to owner ratio, healthy yield and favourable supply and demand metrics. As always, utilising tools like RCS metrics by HtAG analytics can aid in keeping abreast of trends and making informed decisions.

    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.

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