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Merrylands West
AREA REPORTS

Merrylands West

Merrylands West - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2160

house
unit

Property investors enjoyed capital gains of 8.97% over the last 12 months in MERRYLANDS WEST, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.52% growth over a ten-year period. It ranks 1210th on our list of suburbs that property investors should look into.

MERRYLANDS WEST, 2160 has a capital gain of 8.97% for the past year, which is higher than average compared to its 9.11% growth within a five-year period.

With the median home price in MERRYLANDS WEST sitting at $850,000, and the average rent at $520, property owners could potentially earn a 3.18% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MERRYLANDS WEST are low, as opposed to average gains per annum over the past five years.

MERRYLANDS WEST, 2160 in NSW belongs to the local government area of Cumberland (A).

Data report can be found below

Merrylands West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $850,000 $440,000
GROWTH REPORT
Median Quarterly 1.19% 0%
Median 12 month 8.97% -4.35%
Median 3 years 1.49% -11.16%
Median 5 years 9.11% -1.68%
10 years average annual 6.52% 4.63%
Weekly media advert. rent $520 $370
Time on Market 68.8 days 49.3 days
Gross Rental Yield Percent 3.18% 4.37%
demographics (median values)*
Total Population
35973
Weekly Household Income
1237
Household Size
3.10
Age
32
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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