Suburb Profile Report for Menai NSW (2234)

Menai House: Median price $990,000, Annual capital growth 5.87%, Number of sales 86, Weekly median advertised rent $700

Menai Unit: Median price $747,500, Annual capital growth 7.18%, Number of sales 53, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 1.90% for the last 12 months, Menai, 2234 has performed for property investments than its average annual 5.87% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Menai has given property investors a paper return of 0.00%. This puts Suburb as 936 on a list of fastest fasting appreciating suburbs in NSW

The most recent median price for Menai is $990000, with sellers offering an average of -2.22% off the asking price.

Residents and property investors in Menai have been waiting around 44.26 days to sell a property.

Menai, 2234’s gross rental yield is 3.68%

Giving property investors a a stable capital gain of 9.77% for the last year, Menai, 2234 is the 402th highest performer in Australia in this respect.

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

Our latest figures would indicate that property sellers in Menai are currently offering property investors an average price cut of -2.28% below the asking price at the moment.

Menai, 2234’s gross rental yield is 3.83%

HOUSE UNIT
$990,000 $747,500
0.00% 2.40%
1.90% 9.77%
5.87% 7.18%
$700 $550
86 53
3.68% 3.83%
44.26 32.14

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 10529
Median household income ($/weekly) 1967
Median age of persons 35
Median housing loan repayment ($/monthly) 2350
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1684 16.0
    25-34 years 1064 10.1
    35-44 years 1587 15.1
    45-54 years 1775 16.9
    55-64 years 1181 11.2
    Others 3239 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 4426 57.5
    Not Married 2885 37.5
    Defacto Relationship 389 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8177 80.2
    Papua New Guinea 133 1.3
    South Africa 140 1.4
    United Kingdom 379 3.7
    Other 364 3.6
    Others 1005 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 0.9
    Christianity 8418 83.9
    Hinduism 93 0.9
    Islam 163 1.6
    No Religion 1229 12.2
    Others 40 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 226 7.6
    $1,500-$1,999 415 14.0
    $2,000-$2,499 361 12.2
    $2,500-$2,999 430 14.6
    $3,000-$3,499 312 10.6
    Others 1211 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3667 46.4
    Not in the labour force 1958 24.8
    Employed, worked part-time 1754 22.2
    Employed, away from work 320 4.1
    Unemployed, looking for work 202 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 824 14.4
    Professionals 1262 22.0
    Technicians & trades workers 737 12.8
    Clerical & administrative workers 1110 19.3
    Sales 688 12.0
    Others 1121 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 238 7.5
    Infants/Primary 1070 33.7
    Secondary 1011 31.8
    Technical or Further Educational Institution 279 8.8
    University or other Tertiary Institutions 516 16.2
    Others 62 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8039 79.1
    Semi-detached, row or terrace house, townhouse 1701 16.7
    Flat, unit or apartment 416 4.1
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1669 51.1
    Fully owned 1001 30.7
    Rented 586 17.9
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals