Suburb Profile Report for Merrylands NSW (2160)

Merrylands House: Median price $830,050, Annual capital growth 7.97%, Number of sales 243, Weekly median advertised rent $490

Merrylands Unit: Median price $483,500, Annual capital growth 6.40%, Number of sales 218, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Merrylands, 2160 have given investors a capital gain of 3.76%. This compares badly with the 7.15% for NSW as a whole.

While Merrylands,2160 ranked number 1039th in NSW for increase in median house value (annualised) increase, it is ranked 149th over the last 5 years.

Property buyers and investors in Merrylands 2160 should be seeing an average reduction in asking price of around -6.46% . This means that Merrylands is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Merrylands the average time real estate has been on the market is 82.14 days.

Advertised rents are around the $490 mark per week – giving a return of 3.07% based on the median price in Suburb

Property value increases in Merrylands have tracked just lower than the NSW average of 6.59% over the last 12 months.

Merrylands,2160 has offered an average of 0.52% return per annum in house price rises to property investors over the last three years.

Merrylands2160 is located in NSW which offers an average discount of -4.48% to property investors. Merrylands itself is showing figures that indicate -5.02% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $400 mark per week – giving a return of 4.30% based on the median price in Suburb

HOUSE UNIT
$830,050 $483,500
-1.18% -1.12%
3.76% 0.52%
7.97% 6.40%
$490 $400
243 218
3.07% 4.30%
82.14 60.41

Source: CoreLogic

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