Suburb Profile Report for Menai NSW (2234)

Menai House: Median price $950,000, Annual capital growth 5.18%, Number of sales 91, Weekly median advertised rent $700

Menai Unit: Median price $725,000, Annual capital growth 5.75%, Number of sales 43, Weekly median advertised rent $570

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

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

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

Metrics i HOUSE UNIT
$950,000 $725,000
-4.04% -2.03%
-13.14% -5.23%
5.18% 5.75%
$700 $570
91 43
3.83% 4.09%
58.6818181818182 71.5357142857143

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 : Very 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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