Market snapshot
Suburb insights for Meadow Heights3048
Change suburbMeadow Heights is located 19 km north of the CBD. Meadow Heights has been one of the fastest growing new suburbs in Melbourne over the last twenty years. It has been one of the major areas of new residential development in the northern suburbs. A high proportion (36%) of the suburb's labour force are employed in the manufacturing sector. The area has a large Turkish and Vietnamese population. Meadow Heights also features the Meadow Heights Shopping Centre and Community Facilities.
Sales data
Median sale price
$635k
Quarterly price change
8.7%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Meadow Heights | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $567,500 | $810,000 |
| 4 | $650,000 | $955,000 |
| Insight | Meadow Heights | Metro comparison |
|---|---|---|
| Clearance rate | 81.3% | 73.8% |
| Days on market | 40 | 42 |
Rental data
Median weekly rent
$450
Rental yield
4%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Meadow Heights | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $448 | $540 |
| 4 | - | $580 |
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