Suburb Profile Report for Merrylands West NSW (2160)

Merrylands West House: Median price $832,250, Annual capital growth 8.71%, Number of sales 66, Weekly median advertised rent $550

Merrylands West Unit: Median price $445,000, Annual capital growth 6.22%, Number of sales 39, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 2433th in the list of Australian suburbs ordered by increase in median house value over the last year, Merrylands West, 2160 is in the BOTTOM 50% with a property value increase of 4.03% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Merrylands West has increased when compared to the 5 year average annual rate.

The most recent median price for Merrylands West is $832250, with sellers offering an average of -4.62% off the asking price.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

Property value increases in Merrylands West have tracked just lower than the NSW average of 7.74% over the last 12 months.

If we look at median property appreciation over just the last three months, Merrylands West has given property investors a paper return of 0.62%. This puts Suburb as 358 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Merrylands West is offering property investors an average of -4.16. This rate of discount on properties puts Suburb at number 155th in terms of most discounted suburbs in NSW

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 6.22%.

Metrics i HOUSE UNIT
$832,250 $445,000
3.39% 0.62%
4.03% 1.14%
8.71% 6.22%
$550 $400
66 39
3.44% 4.67%
71.17 37.69

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 6187
Median household income ($/weekly) 994
Median age of persons 35
Median housing loan repayment ($/monthly) 1900
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 780 12.6
    25-34 years 924 14.9
    35-44 years 794 12.8
    45-54 years 775 12.5
    55-64 years 577 9.3
    Others 2338 37.8
    Age Group
    Census Count Percent(%)
    Not Married 2133 48.2
    Registered Married 2107 47.6
    Defacto Relationship 188 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3183 56.4
    Croatia 157 2.8
    Malaysia 385 6.8
    Papua New Guinea 142 2.5
    Other 677 12.0
    Others 1095 19.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 170 3.0
    Christianity 3887 69.0
    Hinduism 137 2.4
    Islam 892 15.8
    No Religion 475 8.4
    Others 76 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 189 9.9
    $400-$599 265 13.9
    $600-$799 184 9.7
    $1,000-$1,249 197 10.3
    $1,500-$1,999 224 11.8
    Others 845 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1902 42.6
    Employed, worked full-time 1552 34.8
    Employed, worked part-time 633 14.2
    Unemployed, looking for work 187 4.2
    Employed, away from work 186 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 390 16.4
    Technicians & trades workers 378 15.9
    Clerical & administrative workers 419 17.7
    Machinery operators & drivers 243 10.2
    Labourers 246 10.4
    Others 696 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 92 6.7
    Infants/Primary 444 32.2
    Secondary 401 29.1
    Technical or Further Educational Institution 153 11.1
    University or other Tertiary Institutions 250 18.1
    Others 38 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2817 49.7
    Semi-detached, row or terrace house, townhouse 1613 28.4
    Flat, unit or apartment 1200 21.2
    House or flat attached to a shop, office 41 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 763 37.4
    Fully owned 623 30.5
    Being purchased 599 29.3
    Other tenure type 57 2.8
    Tenure Type
Census 2011, ABS
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