Suburb Profile Report for Menai NSW (2234)

Menai House: Median price $1,025,000, Annual capital growth 6.32%, Number of sales 120, Weekly median advertised rent $720

Menai Unit: Median price $750,000, Annual capital growth 6.72%, Number of sales 57, Weekly median advertised rent $580

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

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

  • House Report
  • Unit Report

At number 3156th in the list of Australian suburbs ordered by increase in median house value over the last year, Menai, 2234 is in the BOTTOM 30% with a property value increase of -3.11% recorded in median house prices.

A 43.84% growth in median value for property investors in Menai,2234 puts this suburb at number 1053th in terms of best performing suburbs in NSW

Our latest figures would indicate that property sellers in Menai are currently offering property investors an average price cut of -3.55% below the asking price at the moment.

Menai is 833th on a list of best yielding suburbs for rents in NSW with a 3.47% return

Menai has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -4.88% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Menai has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Menai are currently offering property investors an average price cut of -5.19% below the asking price at the moment.

With the median price for a house in Menai being $750500 and the advertised rent reaching $585 the gross rental yield for property investors calculates out to be 4.05%

Metrics i HOUSE UNIT
$1,025,000 $750,000
-2.61% -0.07%
-4.65% -3.85%
6.32% 6.72%
$720 $580
120 57
3.65% 4.02%
51.407406 65.72414

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 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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