Suburb Profile Report for Merrylands West NSW (2160)

Merrylands West House: Median price $817,500, Annual capital growth 8.46%, Number of sales 57, Weekly median advertised rent $550

Merrylands West Unit: Median price $445,000, Annual capital growth 6.28%, Number of sales 38, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 1.18% for the last 12 months, Merrylands West, 2160 has performed for property investments than its average annual 8.46% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Merrylands West comes in at number 517th in NSW.

Sellers are offering property buyers an average discount of -6.21% to buyers in Merrylands West at the moment, which is less than average for the rest of NSW.

Merrylands West, 2160’s gross rental yield is 3.50%

Property value increases in Merrylands West have tracked just lower than the NSW average of 6.22% over the last 12 months.

Merrylands West,2160 has offered an average of 1.14% return per annum in house price rises to property investors over the last three years.

The most recent median price for Merrylands West is $445000, with sellers offering an average of -4.82% off the asking price.

At number 171 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 43.2 for properties listed there.

Metrics i HOUSE UNIT
$817,500 $445,000
2.19% 1.25%
1.18% 1.14%
8.46% 6.28%
$550 $400
57 38
3.50% 4.67%
78.21 43.2

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Merrylands West NSW
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
Chart Table
Recent sales & rentals