Meadow Heights is a well-established suburb in Victoria within the Hume local government area (postcode 3048). With a population of 14,890, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $66K per year, with an average household size of 3.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Lebanese.
The median house price in Meadow Heights is $595,000, having grown strongly 6.1% over the past year. Units have a median price of $471,000 (+4.7% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.2%. 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 offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($595K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +6.1% year-on-year.
Meadow Heights is a well-established suburb in Victoria within the Hume local government area (postcode 3048). With a population of 14,890, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $66K per year, with an average household size of 3.3 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are Australian, English, Lebanese.
The median house price in Meadow Heights is $595,000, having grown strongly 6.1% over the past year. Units have a median price of $471,000 (+4.7% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.2%. 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 offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($595K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.0x is considered moderate. House prices have moved +6.1% year-on-year.