Merredin

POSTAL CODE: WA, 6415

HOUSE

Property investments in MERREDIN fare well against the rest of the country last year, registering a median home price increase of 17.98%.

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

Based on its average 5-year and quarterly capital gains MERREDIN, 6415 saw average growth in the long term.

Real estate investors could earn a rental income of $425 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 53.2 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $315,000.

MERREDIN ranks 26th on the list of best yielding suburbs for rental properties in WA, posting a 7.02% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$315,000	N/A
Growth Report
Median Quarterly	5.88%	N/A
Median 12 month	17.98%	N/A
Median 3 years	65.79%	N/A
Median 5 years	110.7%	N/A
10 years average annual	8.2%	N/A
Weekly media advert. rent	$425	N/A
Time on Market	53.2 days	N/A
Gross Rental Yield Percent	7.02%	N/A

Demographics (Median Values)*

Total Population 3003

Weekly Household Income 1325

Household Size 2.40

Average Age 36

Monthly Loan Repayment 1127

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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