Merredin is a smaller suburb in Western Australia within the Merredin local government area (postcode 6415). With a population of 2,604, the suburb has an established 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. The most common occupations are technicians & trades, machinery operators & drivers, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Merredin is $185,000, having grown strongly 5.7% over the past year. Units have a median price of $198,000. The current median weekly rent is $390. This gives a gross rental yield of approximately 11.0%. 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.
From an investment perspective, Merredin offers a gross rental yield of 11.0%, rated as high yield. Property prices sit below the state median ($185K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +5.7% year-on-year.
Merredin is a smaller suburb in Western Australia within the Merredin local government area (postcode 6415). With a population of 2,604, the suburb has an established 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. The most common occupations are technicians & trades, machinery operators & drivers, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Merredin is $185,000, having grown strongly 5.7% over the past year. Units have a median price of $198,000. The current median weekly rent is $390. This gives a gross rental yield of approximately 11.0%. 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.
From an investment perspective, Merredin offers a gross rental yield of 11.0%, rated as high yield. Property prices sit below the state median ($185K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.5x is considered affordable. House prices have moved +5.7% year-on-year.