Suburb Profile Report for Merriwa WA (6030)

Merriwa House: Median price $350,000, Annual capital growth 0.59%, Number of sales 73, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report

Property value increases in Merriwa have tracked close to the WA average of -5.20% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Merriwa comes in at number 296th in WA.

Our latest figures would indicate that property sellers in Merriwa are currently offering property investors an average price cut of -7.14% below the asking price at the moment.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at 0.59%.

HOUSE UNIT
$350,000 N/A
-0.85% N/A
-4.37% N/A
0.59% N/A
$330 N/A
73 N/A
4.90% N/A
92.83 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 5571
Median household income ($/weekly) 956
Median age of persons 35
Median housing loan repayment ($/monthly) 1738
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 801 14.4
    25-34 years 805 14.4
    35-44 years 719 12.9
    45-54 years 493 8.8
    75-84 years 508 9.1
    Others 2245 40.3
    Age Group
    Census Count Percent(%)
    Registered Married 1719 47.9
    Not Married 1440 40.1
    Defacto Relationship 428 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3344 66.1
    Papua New Guinea 246 4.9
    South Africa 83 1.6
    United Kingdom 821 16.2
    Other 234 4.6
    Others 330 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 1.6
    Christianity 3154 64.4
    Islam 97 2.0
    Other Religious Groups 35 0.7
    No Religion 1516 31.0
    Others 19 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 278 16.3
    $600-$799 204 12.0
    $800-$999 184 10.8
    $1,000-$1,249 160 9.4
    $1,500-$1,999 205 12.0
    Others 672 39.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1797 45.8
    Employed, worked full-time 1257 32.0
    Employed, worked part-time 583 14.9
    Unemployed, looking for work 147 3.7
    Employed, away from work 140 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 218 11.0
    Technicians & trades workers 403 20.4
    Community & personal service workers 221 11.2
    Clerical & administrative workers 291 14.7
    Labourers 301 15.2
    Others 546 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 74 6.8
    Infants/Primary 518 47.3
    Secondary 275 25.1
    Technical or Further Educational Institution 112 10.2
    University or other Tertiary Institutions 90 8.2
    Others 26 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4138 85.3
    Semi-detached, row or terrace house, townhouse 692 14.3
    Flat, unit or apartment 20 0.4
    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 788 41.7
    Rented 503 26.6
    Other tenure type 338 17.9
    Fully owned 259 13.7
    Tenure Type
Census 2011, ABS
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