Suburb Profile Report for Merriwa WA (6030)

Merriwa House: Median price $310,000, Annual capital growth -0.65%, Number of sales 53, Weekly median advertised rent $320

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

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

If you compare the increase in value of investment property in Merriwa, 6030 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was -3.13%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Merriwa has fallen somewhat 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 Merriwa, 6030. Typically our figures indicate that -8.39% is being offered, which puts this WA suburb at 717th most discounted overall in Australia.

Merriwa is 102th on a list of best yielding suburbs for rents in WA with a 5.37% return

Metrics i HOUSE UNIT
$310,000 N/A
-1.59% N/A
-3.13% N/A
-0.65% N/A
$320 N/A
53 N/A
5.37% N/A
82.8333333333333 N/A

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 : Good (H), Balanced (U)
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Demographics
Total population 5571
Median household income ($/weekly) 956
Median age of persons 35
Median housing loan repayment ($/monthly) 1738
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 801 14.4
    25-34 years 805 14.4
    35-44 years 719 12.9
    45-54 years 493 8.8
    75-84 years 508 9.1
    Others 2245 40.3
    Age Group
    Census Count Percent(%)
    Registered Married 1719 47.9
    Not Married 1440 40.1
    Defacto Relationship 428 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3344 66.1
    Papua New Guinea 246 4.9
    South Africa 83 1.6
    United Kingdom 821 16.2
    Other 234 4.6
    Others 330 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 1.6
    Christianity 3154 64.4
    Islam 97 2.0
    Other Religious Groups 35 0.7
    No Religion 1516 31.0
    Others 19 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 278 16.3
    $600-$799 204 12.0
    $800-$999 184 10.8
    $1,000-$1,249 160 9.4
    $1,500-$1,999 205 12.0
    Others 672 39.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1797 45.8
    Employed, worked full-time 1257 32.0
    Employed, worked part-time 583 14.9
    Unemployed, looking for work 147 3.7
    Employed, away from work 140 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 218 11.0
    Technicians & trades workers 403 20.4
    Community & personal service workers 221 11.2
    Clerical & administrative workers 291 14.7
    Labourers 301 15.2
    Others 546 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 74 6.8
    Infants/Primary 518 47.3
    Secondary 275 25.1
    Technical or Further Educational Institution 112 10.2
    University or other Tertiary Institutions 90 8.2
    Others 26 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4138 85.3
    Semi-detached, row or terrace house, townhouse 692 14.3
    Flat, unit or apartment 20 0.4
    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 788 41.7
    Rented 503 26.6
    Other tenure type 338 17.9
    Fully owned 259 13.7
    Tenure Type
Census 2011, ABS
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