Located in New South Wales within the Sutherland Shire local government area, Menai is a settled mid-to-large suburb (postcode 2234). It is home to about 10,419 residents, with an established demographic and a median age of 39. Households earn a median income of $134K per year, with an average household size of 3 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Irish.
Menai has a median house price of $1.8 million, which has grown strongly by 7.9% year-on-year. Units have a median price of $1.1 million (-0.7% YoY). The current median weekly rent is $1000. This gives a gross rental yield of approximately 2.9%. 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 1,776 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.9% (low yield). Property prices are near the state median ($1.8M/$1.5M). The price-to-income ratio of 13.6x is considered stretched. House prices have moved +7.9% year-on-year.