At number 3636th in the list of Australian suburbs ordered by increase in median house value over the last year, Menai, 2234 is in the BOTTOM 20% with a property value increase of -13.14% recorded in median house prices.
Menai,2234 was ranked 3475 in Australia by increase in median property value over the quarter.
The most recent median price for Menai is $950000, with sellers offering an average of -7.93% off the asking price.
With the median price for a house in Menai being $950000 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 3.83%
Giving property investors a an unimpressive capital gain of -5.23% for the last year, Menai, 2234 is the 953th highest performer in Australia in this respect.
Across a shorter period, Menai, 2234 has seen a median price increase of -2.03% over the last quarter.
Sellers are offering property buyers an average discount of -5.14% to buyers in Menai at the moment, which is less than average for the rest of NSW.
Residents and property investors in Menai have been waiting around 71.5357 days to sell a property.
Advertised rents are around the $570 mark per week – giving a return of 4.09% based on the median price in Suburb