Merrylands, NSW 2160: Suburb Profile & Property Report

Market Report

House report
Unit Report

Merrylands has 272 houses available for sale. The median property price for a house is currently $1,292,500 with annual capital growth of 17.50% . There were 224 house sales in the past 12 months. On average, houses spend 30 days on market.

If you're thinking about buying an investment property in Merrylands, consider that rental yields for houses are currently 3.13% with an average median rent of $700 weekly. Houses have seen 3.40% growth in the past quarter, and 17.50% growth in the past 12 months.

The size of Merrylands is approximately 6.7 square kilometres. It has 44 parks covering nearly 8% of total area. The population of Merrylands in 2011 was 26,658 people. By 2016 the population was 29,647 showing a population growth of 11.2% in the area during that time. The predominant age group in Merrylands is 20-29 years.

Households in Merrylands are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrylands work in a professional occupation. In 2011, 56.7% of the homes in Merrylands were owner-occupied compared with 51.6% in 2016.

Merrylands has 372 units available for sale. The median property price for a unit is currently $550,000 with annual capital growth of -2.61% . There were 486 unit sales in the past 12 months. On average, units spend 30 days on market.

If you're thinking about buying an investment property in Merrylands, consider that rental yields for units are currently 5.73% with an average median rent of $550 weekly. Units have seen -2.35% growth in the past quarter, and -2.61% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,292,500	$550,000
Quarterly growth	+3.40%	-2.35%
12-month growth	+17.50%	-2.61%
Average annual growth	+9.80%	+1.92%
Weekly median rent	$700	$550
Gross rental yield	3.13%	5.73%
Number of Sales (12m)	224	486
Avg. Days on Market (12m)	30	30

Jump to Market Trends

Key Demographics	2011	2016
Total population	26,658	29,647
Population change (5y)	+27.58%	+11.20%
Median household income (p/w)	$1,047	$1,278
Household income change (5y)	+18.17%	+22.06%
Median age of persons	32	32

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Merrylands is $1,292,500 for houses and $550,000 for units.

The Median Growth in Merrylands over the past 12 months is 17.50% for houses and -2.61% for units.

Over the past 12 months there were 224 houses sold and 486 units sold in Merrylands. On average, houses spent 30 days on market and units spent 30 days on market.

In the past 12 months up to August 2024 there were 224 houses sold and 486 units sold in Merrylands. On average, houses spent 30 days on market and units spent 30 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Merrylands is $700 for houses and $550 for units.

The Rental Yield in Merrylands is 3.13% for houses and 5.73% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Merrylands was 29,647 in 2016, a +11.20% change compared to 2011.

The predominant age group in Merrylands is 20-29 years.

The population of Merrylands was 29,647 in 2016, a +11.20% change compared to 2011.

The predominant age group in Merrylands is 20-29 years.

Most of the population in Merrylands were born in Australia.

Most of the population in Merrylands report their religion as Catholic.

Most of the population in Merrylands report their income range as between $78,000 and $130,000 .

The median household income in Merrylands was $1,278 in 2016, a +22.06% change compared to 2011.

Most of the population in Merrylands report their income range as between $31,000 and $52,000 .

The median household income in Merrylands was $1,047 in 2011, a +18.17% change compared to 2006.

Most of the population in Merrylands work as Professional.

The chart below demonstrates the various levels of education in Merrylands.

Most of the population in Merrylands reached a qualification level of Bachelor.

Most of the population in Merrylands reached a qualification level of Certificate.

2011 2016

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Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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