Suburb Profile Report for Merredin WA (6415)

Merredin House: Median price $145,000, Annual capital growth 2.32%, Number of sales 55, Weekly median advertised rent $280

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

A -9.38% growth in median value for property investors in Merredin,6415 puts this suburb at number 497th in terms of best performing suburbs in WA

LACK OF BUYER INTEREST may well be the reason that Merredin is offering property investors an average of -4.59. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in WA

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 2.32%, investors should hope to achieve an overall return of 10.04%

Metrics i HOUSE UNIT
$145,000 N/A
-4.92% N/A
N/A N/A
2.32% N/A
$280 N/A
55 N/A
10.04% N/A
140.793103448276 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Below average (H)
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Demographics
Total population 2897
Median household income ($/weekly) 1103
Median age of persons 35
Median housing loan repayment ($/monthly) 1100
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 431 14.9
    25-34 years 365 12.6
    35-44 years 393 13.6
    45-54 years 398 13.7
    55-64 years 308 10.6
    Others 1002 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 935 50.0
    Not Married 708 37.8
    Defacto Relationship 228 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2290 84.1
    Croatia 72 2.6
    Papua New Guinea 68 2.5
    United Kingdom 114 4.2
    Other 54 2.0
    Others 124 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 18 0.7
    Christianity 1700 65.7
    Islam 9 0.3
    Other Religious Groups 13 0.5
    No Religion 844 32.6
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 88 9.5
    $400-$599 107 11.6
    $600-$799 100 10.8
    $1,000-$1,249 91 9.9
    $1,500-$1,999 128 13.9
    Others 408 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 929 43.2
    Not in the labour force 736 34.2
    Employed, worked part-time 343 15.9
    Employed, away from work 83 3.9
    Unemployed, looking for work 61 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 211 15.6
    Professionals 186 13.8
    Technicians & trades workers 237 17.6
    Clerical & administrative workers 158 11.7
    Machinery operators & drivers 162 12.0
    Others 396 29.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 293 46.7
    Secondary 155 24.7
    Technical or Further Educational Institution 45 7.2
    University or other Tertiary Institutions 46 7.3
    Other type of educational institution 59 9.4
    Others 29 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2346 94.6
    Semi-detached, row or terrace house, townhouse 97 3.9
    Flat, unit or apartment 23 0.9
    Caravan, cabin, houseboat 14 0.6
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 347 33.6
    Being purchased 339 32.8
    Fully owned 337 32.6
    Other tenure type 10 1.0
    Tenure Type
Census 2011, ABS
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