AREA REPORTS

Menai

 

 

NSW/
Menai

Suburb Profile

Menai - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2234

house
unit

MENAI, 2234 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $1,020,000.

Profits due to an upward trend in home prices in the suburb averaged 1.61% per annum over a 3-year period.

MENAI now ranks at the 1019th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $700 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MENAI, homes and units usually stay on listing for an average of 50.9 days.

In 2016, 123 properties were sold in MENAI during the past year, making it the 1321st most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,020,000 $751,000
GROWTH REPORT
Median Quarterly -3.89% 0%
Median 12 month -5.12% -4.33%
Median 3 years 4.83% 8.68%
Median 5 years 38.78% 41.17%
10 years average annual 5.8% 6.76%
Weekly media advert. rent $700 $582.5
Time on Market 50.9 days 64.3 days
Gross Rental Yield Percent 3.57% 4.03%
demographics (median values)
Total Population
10780
Weekly Household Income
1654
Household Size
3.20
demographics
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