Merredin is a compact suburb in Western Australia within the Merredin local government area (postcode 6415). With a population of 2,604, the suburb has an established family demographic with a median age of 40. Households earn a median income of $73K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 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 technicians & trades, machinery operators & drivers, managers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
Merredin has a median house price of $185,000, which has risen solidly by 5.7% year-on-year. Units have a median price of $198,000. The current median weekly rent is $400. This gives a gross rental yield of approximately 11.2%. The median monthly mortgage repayment is $1,074.
Merredin is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital.
Looking at the investment signals, Gross rental yield sits at around 11.2% (high yield). Property prices sit below the state median ($185K/$951K), which can point to relative value. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +5.7% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.