Suburb Profile Report for Meringandan West QLD (4352)

Meringandan West House: Median price $405,000, Annual capital growth 2.37%, Number of sales 39, Weekly median advertised rent $400

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

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

  • House Report

If you compare the increase in value of investment property in Meringandan West, 4352 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -5.26%.

When looking at the potential capital gains offered to property investors over the last 3 years, Meringandan West comes in at number 526th in QLD.

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 Meringandan West, 4352. Typically our figures indicate that -5.65% is being offered, which puts this QLD suburb at 2300th most discounted overall in Australia.

Often selling an investment property can take time, and in Meringandan West the average time real estate has been on the market is 103.743 days.

Metrics i HOUSE UNIT
$405,000 N/A
-1.22% N/A
-5.26% N/A
2.37% N/A
$400 N/A
39 N/A
5.14% N/A
103.742857142857 N/A

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

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1976
Median household income ($/weekly) 1492
Median age of persons 31
Median housing loan repayment ($/monthly) 1733
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 200 10.1
    5-14 years 388 19.6
    25-34 years 285 14.4
    35-44 years 298 15.1
    45-54 years 257 13.0
    Others 548 27.7
    Age Group
    Census Count Percent(%)
    Registered Married 808 62.8
    Not Married 366 28.5
    Defacto Relationship 112 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1727 89.9
    Papua New Guinea 36 1.9
    South Africa 19 1.0
    United Kingdom 55 2.9
    Other 30 1.6
    Others 53 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1496 81.1
    No Religion 335 18.2
    Other Religious Groups 7 0.4
    Buddhism 6 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 51 9.8
    $1,000-$1,249 52 10.0
    $1,250-$1,499 54 10.4
    $1,500-$1,999 106 20.4
    $2,000-$2,499 66 12.7
    Others 191 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 622 46.0
    Not in the labour force 379 28.0
    Employed, worked part-time 253 18.7
    Employed, away from work 51 3.8
    Unemployed, looking for work 48 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 113 12.2
    Technicians & trades workers 181 19.5
    Clerical & administrative workers 141 15.2
    Machinery operators & drivers 112 12.1
    Labourers 111 12.0
    Others 268 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 28 5.0
    Infants/Primary 281 50.2
    Secondary 139 24.8
    Technical or Further Educational Institution 43 7.7
    University or other Tertiary Institutions 53 9.5
    Others 16 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1900 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 382 64.0
    Fully owned 143 24.0
    Rented 69 11.6
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
Chart Table