Suburb Profile Report for Merrylands West NSW (2160)

Merrylands West House: Median price $805,000, Annual capital growth 8.23%, Number of sales 53, Weekly median advertised rent $550

Merrylands West Unit: Median price $439,500, Annual capital growth 6.29%, Number of sales 42, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Merrylands West, 2160 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.49%

A 79.89% growth in median value for property investors in Merrylands West,2160 puts this suburb at number 1024th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Merrylands West should be aiming for at least -6.29% off the asking price, which is the average vendor discount being achieved at the moment.

Merrylands West, 2160’s gross rental yield is 3.55%

Merrylands West has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.41% to date .

Taking the average capital gain, or increase in median house value, Merrylands West,2160 has racked up an average of -3.41% over the period. This ranks it number 463th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Merrylands West, 2160. Typically our figures indicate that -5.03% is being offered, which puts this NSW suburb at 772th most discounted overall in Australia.

At number 196 in a list of fastest selling suburbs, Merrylands West is in the TOP 20% of suburbs in Australia with an average of days on market 45.37 for properties listed there.

Advertised rents are around the $400 mark per week – giving a return of 4.73% based on the median price in Suburb

Metrics i HOUSE UNIT
$805,000 $439,500
0.63% 0.00%
-0.49% -3.41%
8.23% 6.29%
$550 $400
53 42
3.55% 4.73%
82.92 45.37

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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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