Meadowbank vs Melrose Park.
Comparing two suburbs with median house prices of $2,467,500 and $2,405,400.
Melrose Park (median $2,405,400) is roughly 3% cheaper to buy into than Meadowbank ($2,467,500). Over the past year, Melrose Park (+6.2%) ran 6.2 percentage points ahead of Meadowbank (0%) on house-price growth.
Meadowbank scores higher on walkability (38/100 vs 6/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Meadowbank (1095) sits above Melrose Park (1081). Melrose Park skews owner-occupied (70%), Meadowbank runs more rental-dense (39% owner).
For buyers
Melrose Park is the lower entry point at $2,405,400 median, 3% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Melrose Park carries both higher gross yield (1.84% vs 1.79%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Meadowbank edges out on average school ICSEA (1095 vs 1081). Melrose Park also has a higher family-household share (76% vs 58%), so the catchment community skews family-heavy.
Common questions
Is Meadowbank or Melrose Park cheaper to buy in?
Melrose Park has the lower median house price at $2,405,400, roughly 3% below Meadowbank ($2,467,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Meadowbank or Melrose Park?
Over the past 12 months, Melrose Park grew +6.2% vs 0% in Meadowbank, a gap of 6.2 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Meadowbank or Melrose Park have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Meadowbank scores 1095 vs 1081 in Melrose Park. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Meadowbank or Melrose Park?
Meadowbank scores 38/100 on walkability vs 6/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Meadowbank or Melrose Park?
Gross rental yield on houses is 1.84% in Melrose Park vs 1.79% in Meadowbank. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
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