Suburb Profile Report for Merrylands West NSW (2160)

Merrylands West House: Median price $789,000, Annual capital growth 8.26%, Number of sales 46, Weekly median advertised rent $530

Merrylands West Unit: Median price $437,500, Annual capital growth 5.90%, Number of sales 41, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 3.61% for the last year, Merrylands West, 2160 is the 2215th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Merrylands West comes in at number 177th in NSW.

Merrylands West2160 is located in NSW which offers an average discount of -5.53% to property investors. Merrylands West itself is showing figures that indicate -6.56% is the average achievable by property buyers investing in the suburb.

Merrylands West is in the bottom 30% in NSW when comparing median price capital growth over the last year. Merrylands West gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.11%.

Comparing Merrylands West,2160 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Merrylands West, 2160 is offering NSW ‘s 130th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

Often selling an investment property can take time, and in Merrylands West the average time real estate has been on the market is 45.39 days.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.90%, investors should hope to achieve an overall return of 4.75%

HOUSE UNIT
$789,000 $437,500
-1.25% -0.57%
3.61% -0.11%
8.26% 5.90%
$530 $400
46 41
3.49% 4.75%
63.46 45.39

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (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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