Get a property report and suburb profile for any property in Meadow Heights

Meadow Heights is a practical, established suburb in Melbourne’s outer north with a classic postwar feel: mostly single-storey brick homes on flat, tree-lined streets and some newer townhouse pockets. It is a multicultural, community-focused place with a compact local shopping centre, community centres, primary schools, sports reserves that host local clubs, parks, walking paths and small wetlands. Public buses and nearby train stations connect residents to the wider region.

About 14,890 people live in Meadow Heights and the median age is 34. It is clearly a suburb of families, with couple families with children making up 52.5% of family types, and just over two in three homes owner-occupied (68.2%) while around one in three dwellings are rented (31.9%). Council investment in parks, playspaces and community centres is under way or recently completed, and tenders have been sought to expand the local skate park. Whether Meadow Heights suits you will come down to what you want in terms of schools, green space and community facilities.

A median house price of $674,000 in Meadow Heights works out to about 10.2 times a typical local annual household income at the last Census, so buying sits well above what households earned then. Rents are also large relative to that Census income: a house rent of $530 a week would take about 41.6% of a typical local household's weekly income at the last Census (a large share), and a unit rent of $500 a week would take about 39.3% (a sizeable share). If you're renting rather than buying, the rent share is the number that matters; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest movement in Meadow Heights over the past year is in property values. Median house values rose 9.7% and median unit values rose 7.1% — both solid gains, with houses appreciating a little more than units.

House rents edged up 1.9% over the year, so for houses capital growth outpaced rental income growth during this period. If rental income is your priority, the house rent figure is the one that matters; if it’s capital growth you’re after, the value changes are most relevant. Whether that balance suits your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.