Suburb Profile Report for Merriwa NSW (2329)

Merriwa House: Median price $250,000, Annual capital growth 5.35%, Number of sales 38, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

Investment property in Merriwa has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.00%

The five-year average increase in median property values for Merriwa,2329 has given property investors a potential capital gain of 28.21% across each of those five years.

Merriwa2329 is located in NSW which offers an average discount of -5.45% to property investors. Merriwa itself is showing figures that indicate -10.03% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $240 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$250,000 N/A
N/A N/A
25.00% N/A
5.35% N/A
$240 N/A
38 N/A
4.99% N/A
138.42 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1789
Median household income ($/weekly) 888
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 258 14.4
    35-44 years 218 12.2
    45-54 years 221 12.3
    55-64 years 250 14.0
    65-74 years 191 10.7
    Others 652 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 650 52.9
    Not Married 454 36.9
    Defacto Relationship 125 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1557 94.2
    Papua New Guinea 11 0.7
    Philippines 8 0.5
    United Kingdom 44 2.7
    Other 9 0.5
    Others 24 1.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1451 88.6
    No Religion 181 11.1
    Buddhism 3 0.2
    Other Religious Groups 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 60 10.1
    $400-$599 107 18.0
    $600-$799 63 10.6
    $800-$999 65 10.9
    $1,500-$1,999 69 11.6
    Others 231 38.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 527 40.6
    Employed, worked full-time 458 35.3
    Employed, worked part-time 219 16.9
    Employed, away from work 58 4.5
    Unemployed, looking for work 35 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 162 22.1
    Technicians & trades workers 94 12.8
    Community & personal service workers 75 10.2
    Machinery operators & drivers 100 13.7
    Labourers 105 14.3
    Others 196 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 37 10.7
    Infants/Primary 155 44.8
    Secondary 108 31.2
    Technical or Further Educational Institution 27 7.8
    University or other Tertiary Institutions 16 4.6
    Others 3 0.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1620 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 269 42.0
    Rented 183 28.5
    Being purchased 174 27.1
    Other tenure type 15 2.3
    Tenure Type
Census 2011, ABS
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