Merriwa is a small community in New South Wales within the Upper Hunter Shire local government area (postcode 2329). With a population of 1,825, the suburb has a mature demographic with a median age of 45. Households earn a median income of $63K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Merriwa is $333,000, having dropped significantly 19.4% over the past year. Units have a median price of $350,000. The current median weekly rent is $390. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,235.
Merriwa is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 940, which is below the national average of 1,000. Public transport access includes 4 rail stations, 48 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Merriwa offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($333K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -19.4% year-on-year.
Merriwa is a small community in New South Wales within the Upper Hunter Shire local government area (postcode 2329). With a population of 1,825, the suburb has a mature demographic with a median age of 45. Households earn a median income of $63K per year, with an average household size of 2.4 people. The most common occupations are managers, labourers, machinery operators & drivers. The top ancestries reported are Australian, English, Irish.
The median house price in Merriwa is $333,000, having dropped significantly 19.4% over the past year. Units have a median price of $350,000. The current median weekly rent is $390. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,235.
Merriwa is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 940, which is below the national average of 1,000. Public transport access includes 4 rail stations, 48 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Upper Hunter Shire LGA is below average at 3,250 incidents per 100,000 population.
From an investment perspective, Merriwa offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($333K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -19.4% year-on-year.