Meadowbank is a moderately sized suburb in New South Wales within the Ryde local government area (postcode 2114). With a population of 5,089, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $104K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, English, Australian.
Meadowbank has a median house price of $2.5 million, which has posted strong gains by 6.1% year-on-year. Units have a median price of $727,000 (+6.9% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,148.
Meadowbank is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 1 ferry wharf, 2 bus stops. The crime rate in the Ryde LGA is below average at 2,087 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.4% (low yield). Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 24.4x is considered stretched. House prices have moved +6.1% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.