Suburb Profile Report for Merredin WA (6415)

Merredin House: Median price $159,000, Annual capital growth 3.33%, Number of sales 47, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Merredin has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -9.27% to date .

The five-year average increase in median property values for Merredin,6415 has given property investors a potential capital gain of -10.41% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Merredin is offering property investors an average of -8.23. This rate of discount on properties puts Suburb at number 86th in terms of most discounted suburbs in WA

Metrics i HOUSE UNIT
$159,000 N/A
0.00% N/A
-9.27% N/A
3.33% N/A
N/A N/A
47 N/A
N/A N/A
111.24 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 2897
Median household income ($/weekly) 1103
Median age of persons 35
Median housing loan repayment ($/monthly) 1100
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 431 14.9
    25-34 years 365 12.6
    35-44 years 393 13.6
    45-54 years 398 13.7
    55-64 years 308 10.6
    Others 1002 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 935 50.0
    Not Married 708 37.8
    Defacto Relationship 228 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2290 84.1
    Croatia 72 2.6
    Papua New Guinea 68 2.5
    United Kingdom 114 4.2
    Other 54 2.0
    Others 124 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.7
    Christianity 1700 65.7
    Islam 9 0.3
    Other Religious Groups 13 0.5
    No Religion 844 32.6
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 88 9.5
    $400-$599 107 11.6
    $600-$799 100 10.8
    $1,000-$1,249 91 9.9
    $1,500-$1,999 128 13.9
    Others 408 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 929 43.2
    Not in the labour force 736 34.2
    Employed, worked part-time 343 15.9
    Employed, away from work 83 3.9
    Unemployed, looking for work 61 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 211 15.6
    Professionals 186 13.8
    Technicians & trades workers 237 17.6
    Clerical & administrative workers 158 11.7
    Machinery operators & drivers 162 12.0
    Others 396 29.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 293 46.7
    Secondary 155 24.7
    Technical or Further Educational Institution 45 7.2
    University or other Tertiary Institutions 46 7.3
    Other type of educational institution 59 9.4
    Others 29 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2346 94.6
    Semi-detached, row or terrace house, townhouse 97 3.9
    Flat, unit or apartment 23 0.9
    Caravan, cabin, houseboat 14 0.6
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 347 33.6
    Being purchased 339 32.8
    Fully owned 337 32.6
    Other tenure type 10 1.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals