Suburb Profile Report for Merrylands West NSW (2160)

Merrylands West House: Median price $852,500, Annual capital growth 9.23%, Number of sales 74, Weekly median advertised rent $570

Merrylands West Unit: Median price $475,000, Annual capital growth 6.52%, Number of sales 37, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 11.67% which means that Merrylands West, 2160 has done well for property investors by showing a capital gain of 9.94% over the last year

If we look at median property appreciation over just the last three months, Merrylands West has given property investors a paper return of 0.29%. This puts Suburb as 995 on a list of fastest fasting appreciating suburbs in NSW

The most recent median price for Merrylands West is $852500, with sellers offering an average of -6.27% off the asking price.

Using the current median advertised rental of $570 and the average annual increase in value of a median property of 9.23%, investors should hope to achieve an overall return of 3.48%

Giving property investors a a stable capital gain of 8.94% for the last year, Merrylands West, 2160 is the 558th highest performer in Australia in this respect.

Comparing Merrylands West,2160 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Merrylands West is giving property investors an average Vendor Discount of around -5.69%. This puts suburb at number 39th in NSW when ranking the most discounted suburbs.

The NSW suburb of Merrylands West, 2160 is in the Holroyd local government area.

Metrics i HOUSE UNIT
$852,500 $475,000
0.29% 2.93%
9.94% 8.94%
9.23% 6.52%
$570 $400
74 37
3.48% 4.38%
89.83 44.87

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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Recent sales & rentals