Meadow Heights (postcode 3048) is a settled mid-to-large suburb in Victoria within the Hume local government area. With a population of 14,890, the suburb has a mix of families and early-career residents with a median age of 34. Households earn a median income of $66K per year, with an average household size of 3.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Lebanese.
Meadow Heights has a median house price of $613,000, which has moved higher by 2.9% year-on-year. Units have a median price of $455,000 (-3.4% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,460.
Meadow Heights is served by 2 schools, including 2 primary. The average ICSEA score is 930, which is below the national average of 1,000. Public transport access includes 1 rail station, 61 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Meadow Heights shows a gross rental yield of approximately 4.5%, rated as moderate yield. Property prices are near the state median ($613K/$875K). The price-to-income ratio of 9.2x is considered moderate. House prices have moved +2.9% year-on-year. Population growth of +3.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.