All About Meadowbank, Central Highlands (Tas.) , TAS 7140

Meadowbank Real Estate Market Outlook

Thinking about buying in Meadowbank? Now could not be a better time, with just 18 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $322,000 with prices in this suburb ranging from $31,000 to $364,000. The aproximate distance to the coast is 47 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Meadowbank due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Meadowbank classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Meadowbank necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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