Suburb Profile Report for Merriwa WA (6030)

Merriwa House: Median price $344,000, Annual capital growth 0.09%, Number of sales 76, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Merriwa, 6030 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.75%.

If we look at median property appreciation over just the last three months, Merriwa has given property investors a paper return of -3.10%. This puts Suburb as 335 on a list of fastest fasting appreciating suburbs in WA

Our latest figures would indicate that property sellers in Merriwa are currently offering property investors an average price cut of -6.95% below the asking price at the moment.

Often selling an investment property can take time, and in Merriwa the average time real estate has been on the market is 95.7 days.

With the median price for a house in Merriwa being $344000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.99%

Metrics i HOUSE UNIT
$344,000 N/A
-3.10% N/A
-5.75% N/A
0.09% N/A
$330 N/A
76 N/A
4.99% N/A
95.7 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Merriwa WA
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
Chart Table
Recent sales & rentals