meadow heights

3048, Victoria

Real Estate & Property Information

Median
Price Rank
490

meadow heights Suburb Profile & Review

Meadow Heights is a quiet residential suburb nestled between Broadmeadows and Roxburgh Park. It is home a large Turkish-Australian community and it is estimated that almost a quarter of residents are Turkish.

Bethal Primary School and Meadow Heights Primary School and are located within Meadow Heights itself, while Aitken College is a P-12 independent co-ed Uniting school situated in nearby Greenvale and Kolbe Catholic College is a co-ed secondary school found in Greenvale Lakes. Both are only a ten minute drive from Meadow Heights. The suburb caters to young people living in the area with a skate park, a number of sporting fields and clubs and a bike trail.

There is a shopping centre located on Hudson Circuit and Paringa Boulevard, which has a Supa IGA, an Aldi supermarket and over thirty specialty stores. Five bus routes travel through the area, including a NightRider service, while Coolaroo and Roxburgh Park stations are just outside the suburb's confines. Both are on the Craigieburn line and trains take roughly half an hour to reach the city.

meadow heights Demographic Data

$ 320,000 Median House Price

27 Minutes Average Commute

29 Median Age

14,843 Population

50.79 % Female

49.21 % Male

3826 NO OF FAMILIES

2.1 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in meadow heights, Victoria.

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meadow heights Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

meadow heights Median House Prices

  • 2008 $ 240,000
  • 2009 $ 254,000
  • 2010 $ 299,750
  • 2011 $ 343,000
  • 2012 $ 320,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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meadow heights 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in meadow heights have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term meadow heights property price predictions.

meadow heights Market Property Types

  • 81 % Seperate House
  • 13 % Semi Detached
  • 6 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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meadow heights Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

meadow heights Income & Mortgage Stats

  • $ 879 Median Weekly Household Income
  • $ 1,400 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in meadow heights

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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meadow heights Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

meadow heights Sold Property Prices

meadow heights Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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meadow heights Cafes

  • Turkish PatisserieParinga Boulevardmeadow heights VIC 304803 9302 2219

meadow heights Schools

  • Bethal Primary School26-52 Eldorado Crescentmeadow heights VIC 3048(03) 9309 7626State Primary School
  • Meadow Heights Primary School50 Paringa Boulevardmeadow heights VIC 3048(03) 9305 2033State Primary School

meadow heights Childcare

  • ABC Learning Centre44 Paringa Bvdmeadow heights VIC 3048
  • Camelot CC & Early Learning Ctr28 Paringa Bvdmeadow heights VIC 3048
  • Smart Care Early Learning Centre29 Hudson Cctmeadow heights VIC 3048

meadow heights Kindergarten and Preschools

  • Bellbrae Kindergarten19 Bellbrae Courtmeadow heights VIC 3048
  • Smart Care Early Learning Centre29 Hudson Cctmeadow heights VIC 3048
  • Tarcoola Avenue Preschool12-16 Tarcoola Avenuemeadow heights VIC 3048

meadow heights Sporting Centres and Clubs

  • Meadow Heights Rampmeadow heights VIC 3048Skate Park Facility

Find out How Much your House is Worth in meadow heights

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