Suburb Profile Report for Merrylands NSW (2160)

Merrylands House: Median price $827,500, Annual capital growth 8.20%, Number of sales 224, Weekly median advertised rent $498

Merrylands Unit: Median price $504,400, Annual capital growth 6.95%, Number of sales 271, Weekly median advertised rent $415

  • 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, 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 -2.65%

While Merrylands,2160 ranked number 1181th in NSW for increase in median house value (annualised) increase, it is ranked 231th over the last 5 years.

Property investors looking for a bargain in Merrylands should be aiming for at least -6.39% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 18.67 sales per month, which equates to 224 per year.

Property investors should expect to get $497.5 weekly from the median priced house in this suburb.

Merrylands, 2160 ranked 323th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merrylands is one of 3163 in our list for NSW

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

LACK OF BUYER INTEREST may well be the reason that Merrylands is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 141th in terms of most discounted suburbs in NSW

In the last year 271 properties changed hands in Merrylands, which puts it as the 33th most active market in NSW when comparing the number of sales per suburb.

Merrylands is 245th on a list of best yielding suburbs for rents in NSW with a 4.28% return

HOUSE UNIT
$827,500 $504,400
-1.08% 2.94%
-2.65% 3.63%
8.20% 6.95%
$498 $415
224 271
3.13% 4.28%
88.95 58.01

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Merrylands NSW
Demographics
Total population 26658
Median household income ($/weekly) 1042
Median age of persons 32
Median housing loan repayment ($/monthly) 1998
Average household size 3
  • Census Count Percent(%)
    5-14 years 3515 13.2
    25-34 years 4812 18.1
    35-44 years 3566 13.4
    45-54 years 3208 12.0
    55-64 years 2430 9.1
    Others 9127 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 9708 50.4
    Not Married 8863 46.0
    Defacto Relationship 708 3.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 12419 50.5
    Croatia 1000 4.1
    Indonesia 996 4.0
    Malaysia 2238 9.1
    Other 3183 12.9
    Others 4757 19.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 956 3.9
    Christianity 14778 60.6
    Hinduism 1094 4.5
    Islam 5139 21.1
    No Religion 1970 8.1
    Others 432 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 882 11.8
    $600-$799 834 11.2
    $800-$999 726 9.7
    $1,000-$1,249 762 10.2
    $1,500-$1,999 944 12.7
    Others 3307 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 8202 42.6
    Employed, worked full-time 6591 34.2
    Employed, worked part-time 2720 14.1
    Unemployed, looking for work 1015 5.3
    Employed, away from work 735 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1684 16.8
    Technicians & trades workers 1652 16.5
    Clerical & administrative workers 1666 16.6
    Sales 973 9.7
    Labourers 1166 11.6
    Others 2901 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 432 6.7
    Infants/Primary 2053 31.8
    Secondary 1715 26.6
    Technical or Further Educational Institution 871 13.5
    University or other Tertiary Institutions 1137 17.6
    Others 250 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16288 65.0
    Flat, unit or apartment 5904 23.6
    Semi-detached, row or terrace house, townhouse 2818 11.3
    House or flat attached to a shop, office 28 0.1
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3293 40.6
    Being purchased 2393 29.5
    Fully owned 2361 29.1
    Other tenure type 54 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals