Suburb Profile Report for Menai NSW (2234)

Menai House: Median price $1,044,250, Annual capital growth 6.79%, Number of sales 120, Weekly median advertised rent $720

Menai Unit: Median price $740,000, Annual capital growth 6.49%, Number of sales 52, Weekly median advertised rent $585

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

Property value increases in Menai have tracked just lower than the NSW average of 0.62% over the last 12 months.

The five-year average increase in median property values for Menai,2234 has given property investors a potential capital gain of 38.78% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Menai is offering property investors an average of -6.45. This rate of discount on properties puts Suburb at number 151th in terms of most discounted suburbs in NSW

Property investors should expect to get $700 weekly from the median priced house in this suburb.

Property value increases in Menai have tracked just lower than the NSW average of -0.14% over the last 12 months.

If we look at median property appreciation over just the last three months, Menai has given property investors a paper return of 0.00%. This puts Suburb as 192 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Menai is giving property investors an average Vendor Discount of around -6.30%. This puts suburb at number 136th in NSW when ranking the most discounted suburbs.

Property investors should expect to get $582.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,044,250 $740,000
-0.55% -1.40%
-0.55% -4.52%
6.79% 6.49%
$720 $585
120 52
3.59% 4.11%
53.76923 62.96154

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10529
Median household income ($/weekly) 1967
Median age of persons 35
Median housing loan repayment ($/monthly) 2350
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1684 16.0
    25-34 years 1064 10.1
    35-44 years 1587 15.1
    45-54 years 1775 16.9
    55-64 years 1181 11.2
    Others 3239 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 4426 57.5
    Not Married 2885 37.5
    Defacto Relationship 389 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8177 80.2
    Papua New Guinea 133 1.3
    South Africa 140 1.4
    United Kingdom 379 3.7
    Other 364 3.6
    Others 1005 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 0.9
    Christianity 8418 83.9
    Hinduism 93 0.9
    Islam 163 1.6
    No Religion 1229 12.2
    Others 40 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 226 7.6
    $1,500-$1,999 415 14.0
    $2,000-$2,499 361 12.2
    $2,500-$2,999 430 14.6
    $3,000-$3,499 312 10.6
    Others 1211 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3667 46.4
    Not in the labour force 1958 24.8
    Employed, worked part-time 1754 22.2
    Employed, away from work 320 4.1
    Unemployed, looking for work 202 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 824 14.4
    Professionals 1262 22.0
    Technicians & trades workers 737 12.8
    Clerical & administrative workers 1110 19.3
    Sales 688 12.0
    Others 1121 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 238 7.5
    Infants/Primary 1070 33.7
    Secondary 1011 31.8
    Technical or Further Educational Institution 279 8.8
    University or other Tertiary Institutions 516 16.2
    Others 62 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8039 79.1
    Semi-detached, row or terrace house, townhouse 1701 16.7
    Flat, unit or apartment 416 4.1
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1669 51.1
    Fully owned 1001 30.7
    Rented 586 17.9
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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