Menai is a well-established suburb in New South Wales within the Sutherland Shire local government area (postcode 2234). With a population of 10,419, the suburb has an established demographic with a median age of 39. Households earn a median income of $134K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Menai is $1.5 million, having dropped significantly 14.6% over the past year. Units have a median price of $1.4 million (+22.6% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,600.
Menai is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1069, which is above the national average of 1,000. Public transport access includes 1 rail station, 55 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Menai offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 10.9x is considered stretched. House prices have moved -14.6% year-on-year.
Menai is a well-established suburb in New South Wales within the Sutherland Shire local government area (postcode 2234). With a population of 10,419, the suburb has an established demographic with a median age of 39. Households earn a median income of $134K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Menai is $1.5 million, having dropped significantly 14.6% over the past year. Units have a median price of $1.4 million (+22.6% YoY). The current median weekly rent is $1100. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $2,600.
Menai is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1069, which is above the national average of 1,000. Public transport access includes 1 rail station, 55 bus stops. The crime rate in the Sutherland Shire LGA is low at 1,782 incidents per 100,000 population.
From an investment perspective, Menai offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 10.9x is considered stretched. House prices have moved -14.6% year-on-year.