Suburb Profile Report for Merrylands NSW (2160)

Merrylands House: Median price $827,500, Annual capital growth 8.03%, Number of sales 229, Weekly median advertised rent $485

Merrylands Unit: Median price $490,000, Annual capital growth 6.61%, Number of sales 247, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Merrylands has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.08% to date .

If we look at median property appreciation over just the last three months, Merrylands has given property investors a paper return of -0.30%. This puts Suburb as 1009 on a list of fastest fasting appreciating suburbs in NSW

The most recent median price for Merrylands is $827500, with sellers offering an average of -6.60% off the asking price.

Property investors should expect to get $485 weekly from the median priced house in this suburb.

Investment property in Merrylands has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.03%

Across a shorter period, Merrylands, 2160 has seen a median price increase of 1.03% over the last quarter.

Vendor discounting in Merrylands is giving property investors an average Vendor Discount of around -5.12%. This puts suburb at number 145th in NSW when ranking the most discounted suburbs.

Residents and property investors in Merrylands have been waiting around 56.99 days to sell a property.

Situated 14.60km from the CBD, Merrylands is one of Holroyd localities in the postcode 2160.

HOUSE UNIT
$827,500 $490,000
-0.30% 1.03%
-1.08% 1.03%
8.03% 6.61%
$485 $410
229 247
3.05% 4.35%
87.07 56.99

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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
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Recent sales & rentals