Meryla is a quiet locality in New South Wales within the Wingecarribee local government area (postcode 2577). The area has roughly 9 residents and a more retirement-aged population, with a median age of 63. Households earn a median income of $38K per year, with an average household size of 1.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. 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 top ancestries reported are Australian, English.
Meryla has a median house price of $1.4 million, holding roughly steady year-on-year. The current median weekly rent is $690. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,500.
The crime rate in the Wingecarribee LGA is low at 1,470 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.5%, which reads as low yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 37.7x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.