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Meadow Springs is a mainly residential Mandurah suburb centred on the Meadow Springs Golf and Country Club and a patchwork of lakes and parkland, which gives it a leafy, suburban character. It tends to appeal to families and established households seeking roomy single-family homes with backyards and mature trees. Local life is outdoorsy, with golf, walking trails and neighbourhood reserves, Quarry Adventure Park as a major play space, a local shopping strip and community facilities for daily needs, plus straightforward road links and access to the Mandurah train line.

The suburb is home to 9,160 people, with a median age of 38 and a median household income of $1,654 a week (about $86,000 a year). Couple families with children are the largest family group at 45.8%, and together with couple families without children they make up 82.9% of families. With around 73.6% owner-occupiers and new local education and sports facilities on site, Meadow Springs reads as an established, owner-occupied suburb with good local outdoor amenity; whether that suits you will depend on the kind of space and services you want nearby.

Buying a house in Meadow Springs looks stretched against local incomes recorded at the last Census. The median house price of $845,000 is about 9.8 times a typical local household's annual income at the last Census (weekly household income $1,654, which is $86,008 a year).

Rent for houses, at about $650 a week, would take roughly 39.3% of a typical local household's weekly income at the last Census, a sizeable share. If you're renting rather than buying, that rent share is the most immediate measure to weigh; the price multiple shows buying sits well above local incomes recorded at the last Census.

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

House values in Meadow Springs rose 11.9% over the past 12 months, a strong increase, while house rents climbed a more modest 4.8% over the same period. In other words, capital growth for houses has outpaced rental income growth this year.

If rental income is your main priority, the modest rent rise is the relevant figure; if capital growth matters more, the 11.9% lift in house values is the key number. Whether that balance suits your plans depends on your own goals and circumstances.

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.