Suburb Profile Report for Meringandan West QLD (4352)

Meringandan West House: Median price $415,000, Annual capital growth 5.08%, Number of sales 48, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report

With a capital gain of 2.47% for the last 12 months, Meringandan West, 4352 has performed for property investments than its average annual 5.08% property growth over the last 5 years.

Meringandan West,4352 has offered an average of 2.47% return per annum in house price rises to property investors over the last three years.

The most recent median price for Meringandan West is $415000, with sellers offering an average of -4.50% off the asking price.

Residents and property investors in Meringandan West have been waiting around 62 days to sell a property.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.51%, without taking into account capital value appreciation, which has been averaging out at 5.08%.

Metrics i HOUSE UNIT
$415,000 N/A
2.72% N/A
2.47% N/A
5.08% N/A
$360 N/A
48 N/A
4.51% N/A
62 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1976
Median household income ($/weekly) 1492
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 200 10.1
    5-14 years 388 19.6
    25-34 years 285 14.4
    35-44 years 298 15.1
    45-54 years 257 13.0
    Others 548 27.7
    Age Group
    Census Count Percent(%)
    Registered Married 808 62.8
    Not Married 366 28.5
    Defacto Relationship 112 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1727 89.9
    Papua New Guinea 36 1.9
    South Africa 19 1.0
    United Kingdom 55 2.9
    Other 30 1.6
    Others 53 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1496 81.1
    No Religion 335 18.2
    Other Religious Groups 7 0.4
    Buddhism 6 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 51 9.8
    $1,000-$1,249 52 10.0
    $1,250-$1,499 54 10.4
    $1,500-$1,999 106 20.4
    $2,000-$2,499 66 12.7
    Others 191 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 622 46.0
    Not in the labour force 379 28.0
    Employed, worked part-time 253 18.7
    Employed, away from work 51 3.8
    Unemployed, looking for work 48 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 113 12.2
    Technicians & trades workers 181 19.5
    Clerical & administrative workers 141 15.2
    Machinery operators & drivers 112 12.1
    Labourers 111 12.0
    Others 268 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 28 5.0
    Infants/Primary 281 50.2
    Secondary 139 24.8
    Technical or Further Educational Institution 43 7.7
    University or other Tertiary Institutions 53 9.5
    Others 16 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1900 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(%)
    Being purchased 382 64.0
    Fully owned 143 24.0
    Rented 69 11.6
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals