Suburb Profile Report for Merrylands West NSW (2160)

Merrylands West House: Median price $747,500, Annual capital growth 6.70%, Number of sales 46, Weekly median advertised rent $580

Merrylands West Unit: Median price $475,000, Annual capital growth 7.09%, Number of sales 19, Weekly median advertised rent $400

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Merrylands West, 2160 ranked 1066th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merrylands West is one of 3163 in our list for NSW

The five-year average increase in median property values for Merrylands West,2160 has given property investors a potential capital gain of 26.80% across each of those five years.

Vendor discounting in Merrylands West is giving property investors an average Vendor Discount of around -10.88%. This puts suburb at number 45th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Merrylands West the average time real estate has been on the market is 118.958 days.

With the median price for a house in Merrylands West being $747500 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 4.03%

If you compare the increase in value of investment property in Merrylands West, 2160 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -5.31%.

If we look at median property appreciation over just the last three months, Merrylands West has given property investors a paper return of 1.60%. This puts Suburb as 104 on a list of fastest fasting appreciating suburbs in NSW

The most recent median price for Merrylands West is $475000, with sellers offering an average of -7.33% off the asking price.

Advertised rents are around the $400 mark per week – giving a return of 4.38% based on the median price in Suburb

Metrics i HOUSE UNIT
$747,500 $475,000
-4.17% 1.60%
-12.68% -5.31%
6.70% 7.09%
$580 $400
46 19
4.03% 4.38%
118.958333333333 78.4166666666667

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6187
Median household income ($/weekly) 994
Median age of persons 35
Median housing loan repayment ($/monthly) 1900
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 780 12.6
    25-34 years 924 14.9
    35-44 years 794 12.8
    45-54 years 775 12.5
    55-64 years 577 9.3
    Others 2338 37.8
    Age Group
    Census Count Percent(%)
    Not Married 2133 48.2
    Registered Married 2107 47.6
    Defacto Relationship 188 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3183 56.4
    Croatia 157 2.8
    Malaysia 385 6.8
    Papua New Guinea 142 2.5
    Other 677 12.0
    Others 1095 19.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 170 3.0
    Christianity 3887 69.0
    Hinduism 137 2.4
    Islam 892 15.8
    No Religion 475 8.4
    Others 76 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 189 9.9
    $400-$599 265 13.9
    $600-$799 184 9.7
    $1,000-$1,249 197 10.3
    $1,500-$1,999 224 11.8
    Others 845 44.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1902 42.6
    Employed, worked full-time 1552 34.8
    Employed, worked part-time 633 14.2
    Unemployed, looking for work 187 4.2
    Employed, away from work 186 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 390 16.4
    Technicians & trades workers 378 15.9
    Clerical & administrative workers 419 17.7
    Machinery operators & drivers 243 10.2
    Labourers 246 10.4
    Others 696 29.3
    Occupation
    Census Count Percent(%)
    Pre-school 92 6.7
    Infants/Primary 444 32.2
    Secondary 401 29.1
    Technical or Further Educational Institution 153 11.1
    University or other Tertiary Institutions 250 18.1
    Others 38 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2817 49.7
    Semi-detached, row or terrace house, townhouse 1613 28.4
    Flat, unit or apartment 1200 21.2
    House or flat attached to a shop, office 41 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 763 37.4
    Fully owned 623 30.5
    Being purchased 599 29.3
    Other tenure type 57 2.8
    Tenure Type
Census 2011, ABS
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