Suburb Profile Report for Merriwa NSW (2329)

Merriwa House: Median price $233,500, Annual capital growth 3.39%, Number of sales 35, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in Merriwa, 2329 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.34%

While Merriwa,2329 ranked number 51th in NSW for increase in median house value (annualised) increase, it is ranked 947th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Merriwa itself are offering an average vendor discount of -9.19% to real estate investors.

HOUSE UNIT
$233,500 N/A
10.40% N/A
17.34% N/A
3.39% N/A
$240 N/A
35 N/A
5.34% N/A
176.83 N/A

Source: CoreLogic

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