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Meredith suburb profile

Meredith is a charming rural town situated between Geelong and Ballarat in Victoria, offering a peaceful country lifestyle with a strong sense of community. Known for its picturesque landscapes and agricultural heritage, Meredith provides a tranquil escape from the hustle and bustle of city life. The town hosts the popular Meredith Music Festival, attracting visitors from across the state. With its historic buildings, local cafes, and community events, Meredith offers a welcoming atmosphere for residents and visitors alike. Its proximity to major regional centres makes it an appealing choice for those seeking a balance of rural living and accessibility.

Meredith property market performance

Meredith's property market has shown limited activity over the past 12 months. House values have increased by 8.7%, although the median house price remains at $0, indicating a lack of recent sales data to establish a current market value. No units have been sold, and their median value has remained unchanged at 0%.

Sales activity has been minimal, with only 3 houses sold in the past 12 months and no units changing hands. Houses have a median time on market of 44 days, reflecting a moderate pace of sales given the limited data available.

The rental market in Meredith has not experienced any changes over the last 12 months, with both house and unit rents remaining at $0, suggesting a lack of rental transactions or data in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
8.7%N/A
Sold
Past 3 months
3N/A
Median days on market
Past 12 months
44N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

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Meredith demographics

Meredith, a quaint rural town in Victoria, offers a serene lifestyle with a close-knit community feel. With a population of just 821, it provides a peaceful retreat from the hustle and bustle of city life. The median age of 45 suggests a mature community, with many residents likely enjoying the tranquility and slower pace that Meredith offers. The town is well-suited for families, with a significant proportion of couple families with children, accounting for 42.4% of the population, and couple families without children making up 41.6%.

Housing in Meredith is predominantly owner-occupied, with 38.4% of properties owned outright and 47.4% owned with a mortgage. This high level of home ownership reflects the stability and long-term commitment of its residents to the area. The rental market is relatively small, with only 14.2% of properties being rented, indicating a preference for home ownership among the community.

The median total household income of $1638 per week suggests a comfortable standard of living for residents, who likely enjoy the benefits of rural living while still having access to essential services and amenities. Meredith's charm lies in its blend of rural tranquility and community spirit, making it an ideal location for those seeking a peaceful lifestyle with a strong sense of belonging.

Meredith infrastructure, key developments and investment opportunities

Meredith has a limited number of major new developments currently evident from available public information, so there are no significant local projects clearly reshaping the property market at this time. The suburb’s appeal is more closely tied to its established rural-town character, access to the Midland Highway corridor, and its position between Ballarat and Geelong, which supports commuter and lifestyle demand.

Local amenities such as Meredith Primary School and the town’s community and postal services help support day-to-day livability for residents. The Meredith Supernatural Amphitheatre also adds a well-known destination and periodic visitor activity, which can strengthen local recognition and short-stay interest, but it does not indicate a major housing pipeline. Overall, the market outlook appears to be driven more by location and amenity than by major new infrastructure.

Meredith rental market trends

The rental market in Meredith has remained stable over the past year, with both house and unit rents showing no change, maintaining a median rent of $0 per week. This indicates a lack of rental activity or data in the area, suggesting limited demand or supply in the local market.

Suburbs near Meredith

Some popular suburbs near Meredith include:

How does Meredith compare to nearby suburbs?

  • House price growth: Property prices in nearby Lethbridge have risen 41.5% more than in Meredith over the past year.
  • Selling speed for houses: Properties in nearby Lethbridge are selling 50.0% faster than in Meredith.

Common questions about Meredith

  • Is Meredith a nice place to live?

    Meredith is a delightful rural town that offers a serene and charming lifestyle, perfect for those who appreciate a peaceful environment with a strong sense of community. Nestled between Geelong and Ballarat, Meredith is known for its picturesque landscapes and agricultural heritage, providing a tranquil escape from the hustle and bustle of city life. The town's welcoming atmosphere is enhanced by its historic buildings, local cafes, and community events, making it an inviting place for both residents and visitors.

    Families will find Meredith particularly appealing due to its close-knit community and family-friendly environment. The presence of Meredith Primary School and various community services ensures that essential amenities are within easy reach. While the town may not offer the bustling nightlife of a city, it compensates with its unique cultural events, such as the renowned Meredith Music Festival, which draws visitors from across the state and adds vibrancy to the local culture.

    Living in Meredith does come with some trade-offs. The rural setting means that while the town offers a peaceful lifestyle, those seeking more urban amenities or employment opportunities may need to commute to nearby regional centres like Geelong or Ballarat. However, this proximity to major centres also means that residents can enjoy the best of both worlds—rural tranquility with easy access to urban conveniences.

    Safety is generally not a concern in Meredith, with its low crime rates and community-oriented atmosphere. The town's charm lies in its blend of rural tranquility and community spirit, making it an ideal location for those seeking a peaceful lifestyle with a strong sense of belonging. Whether you're a family looking for a nurturing environment or someone seeking a serene retreat, Meredith offers a unique and appealing place to call home.

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  • Is it expensive to live in Meredith?

    Living in Meredith might be more affordable compared to other areas, especially considering it is a regional town in Victoria. With no current data available on median house and unit prices, as well as rental prices, it's challenging to pinpoint exact housing costs. However, the average household income in Meredith is approximately $1,638 per week, or about $85,000 per year, which aligns with the average wage for regional Victoria.

    This suggests that the cost of living in Meredith is likely manageable for those earning an average regional wage. Without the pressure of high property prices or rental costs, Meredith may offer a more budget-friendly lifestyle compared to larger cities or more developed suburbs. If you're thinking of living in Meredith, it's worth considering the potential savings on housing while enjoying the charm of a regional town.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Meredith a good place to invest?

    Meredith presents a unique investment opportunity, particularly for those interested in the housing market. Over the past year, the suburb has experienced an impressive 8.7% increase in median house values, indicating a strong demand for properties in the area. This growth suggests that Meredith is becoming increasingly attractive to buyers, potentially due to its charming rural setting and proximity to larger regional centers.

    While the rental market for both houses and units has remained stable with no change in rents over the last year, this stability can be appealing for investors seeking consistent rental income without the volatility seen in more urban areas. The lack of change in unit values and rents might suggest that the unit market is currently less dynamic, but it also means there could be untapped potential for future growth as the suburb continues to develop.

    Overall, Meredith's recent growth in house values and its stable rental market make it an intriguing option for investors. The suburb's rural charm combined with its potential for continued appreciation in property values could offer a balanced investment opportunity for those looking to diversify their portfolio with a mix of growth and stability.

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Choose the right real estate agents in Meredith

Currently, there are 9 real estate agents working in Meredith—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 9 agents sold 81.0% of all properties in Meredith over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Meredith typically charge a commission of 2.13% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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