Suburb Profile Report for Menai NSW (2234)

Menai House: Median price $1,093,750, Annual capital growth 6.44%, Number of sales 98, Weekly median advertised rent $680

Menai Unit: Median price $758,000, Annual capital growth 6.87%, Number of sales 62, Weekly median advertised rent $593

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

At number 2084th in the list of Australian suburbs ordered by increase in median house value over the last year, Menai, 2234 is in the top half with a property value increase of 3.18% recorded in median house prices.

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.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Menai, 2234. Typically our figures indicate that -6.80% is being offered, which puts this NSW suburb at 1265th most discounted overall in Australia.

On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.

Renters in Suburb are facing rents around $35360 per annum or $680 every week.

At number 1223th in the list of Australian suburbs ordered by increase in median house value over the last year, Menai, 2234 is in the BOTTOM 40% with a property value increase of -2.82% recorded in median house prices.

Menai,2234 has offered an average of -2.82% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Menai, 2234. Typically our figures indicate that -4.69% is being offered, which puts this NSW suburb at 987th most discounted overall in Australia.

A $592.5 per week rent on the median house gives suburb investors a gross yield of circa 4.06%, without taking into account capital value appreciation, which has been averaging out at 6.87%.

Metrics i HOUSE UNIT
$1,093,750 $758,000
1.39% -1.88%
3.18% -2.82%
6.44% 6.87%
$680 $593
98 62
3.23% 4.06%
47.87 49.07

Source: CoreLogic

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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