Suburb Profile Report for Merrylands NSW (2160)

Merrylands House: Median price $820,000, Annual capital growth 8.08%, Number of sales 225, Weekly median advertised rent $495

Merrylands Unit: Median price $507,750, Annual capital growth 7.03%, Number of sales 277, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -3.57% for the last year, Merrylands, 2160 is the 3375th highest performer in Australia in this respect.

Merrylands,2160 has offered an average of -3.57% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -6.16% to buyers in Merrylands at the moment, which is less than average for the rest of NSW.

Residents and property investors in Merrylands have been waiting around 90.11 days to sell a property.

Advertised rents are around the $495 mark per week – giving a return of 3.14% based on the median price in Suburb

Merrylands has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.05% to date .

While Merrylands,2160 ranked number 256th in NSW for increase in median house value (annualised) increase, it is ranked 116th over the last 5 years.

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 139th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 23.08 sales per month, which equates to 277 per year.

The NSW suburb of Merrylands, 2160 is in the Holroyd local government area.

Metrics i HOUSE UNIT
$820,000 $507,750
-0.61% 1.65%
-3.57% 4.05%
8.08% 7.03%
$495 $420
225 277
3.14% 4.30%
90.11 55.21

Source: CoreLogic

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