Suburb Profile Report for Merrylands West NSW (2160)

Merrylands West House: Median price $850,000, Annual capital growth 9.26%, Number of sales 69, Weekly median advertised rent $580

Merrylands West Unit: Median price $467,001, Annual capital growth 6.90%, 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

Giving property investors a an average capital gain of 6.25% for the last year, Merrylands West, 2160 is the 2137th highest performer in Australia in this respect.

A 95.18% growth in median value for property investors in Merrylands West,2160 puts this suburb at number 476th in terms of best performing suburbs in NSW

Vendor discounting in Merrylands West is giving property investors an average Vendor Discount of around -4.02%. This puts suburb at number 823th in NSW when ranking the most discounted suburbs.

At number 1738 in a list of fastest selling suburbs, Merrylands West is just in the top half of suburbs in Australia with an average of days on market 71.81 for properties listed there.

Using the current median advertised rental of $580 and the average annual increase in value of a median property of 9.26%, investors should hope to achieve an overall return of 3.55%

Merrylands West is an average performer in NSW when comparing median price capital growth over the last year. Merrylands West gave property investors a average capital gain figure when compared to the rest of the state, with 6.74%.

Merrylands West,2160 was ranked 374 in Australia by increase in median property value over the quarter.

Vendor discounting in Merrylands West is giving property investors an average Vendor Discount of around -4.62%. This puts suburb at number 150th in NSW when ranking the most discounted suburbs.

At number 64 in a list of fastest selling suburbs, Merrylands West is in the TOP 10% of suburbs in Australia with an average of days on market 31.3 for properties listed there.

Situated 22.25km from the CBD, Merrylands West is one of Holroyd localities in the postcode 2160.

Metrics i HOUSE UNIT
$850,000 $467,001
3.34% 3.78%
6.25% 6.74%
9.26% 6.90%
$580 $400
69 38
3.55% 4.45%
71.81 31.3

Source: CoreLogic

DSR Score for property investment : Good (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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