Suburb Profile Report for Menai NSW (2234)

Menai House: Median price $1,262,500, Annual capital growth 6.33%, Number of sales 125, Weekly median advertised rent $700

Menai Unit: Median price $880,000, Annual capital growth 6.36%, Number of sales 55, Weekly median advertised rent $600

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Menai has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 17.99% to date .

If we look at median property appreciation over just the last three months, Menai has given property investors a paper return of 9.31%. This puts Suburb as 334 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in Menai 2234 should be seeing an average reduction in asking price of around 0.00% . This means that Menai is holding prices well when compared to other suburbs in NSW.

Property value increases in Menai have tracked higher than the NSW average of 8.55% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Menai has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Menai is offering property investors an average of -1.85. This rate of discount on properties puts Suburb at number 305th in terms of most discounted suburbs in NSW

In the last year 55 properties changed hands in Menai, which puts it as the 275th most active market in NSW when comparing the number of sales per suburb.

Situated 24.26km from the CBD, Menai is one of Sutherland Shire (A) localities in the postcode 2234.

Metrics i HOUSE UNIT
$1,262,500 $880,000
9.31% 6.31%
17.99% 19.04%
6.33% 6.36%
$700 $600
125 55
2.88% 3.55%
35.3076923076923 33.1333333333333

Source: Monthly data update for Mar 2022 as supplied by CoreLogic. Data is reported to the period ending Dec 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 10529
Median household income ($/weekly) 1967
Median age of persons 35
Median housing loan repayment ($/monthly) 2350
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1684 16.0
    25-34 years 1064 10.1
    35-44 years 1587 15.1
    45-54 years 1775 16.9
    55-64 years 1181 11.2
    Others 3239 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 4426 57.5
    Not Married 2885 37.5
    Defacto Relationship 389 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8177 80.2
    Papua New Guinea 133 1.3
    South Africa 140 1.4
    United Kingdom 379 3.7
    Other 364 3.6
    Others 1005 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 92 0.9
    Christianity 8418 83.9
    Hinduism 93 0.9
    Islam 163 1.6
    No Religion 1229 12.2
    Others 40 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 226 7.6
    $1,500-$1,999 415 14.0
    $2,000-$2,499 361 12.2
    $2,500-$2,999 430 14.6
    $3,000-$3,499 312 10.6
    Others 1211 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3667 46.4
    Not in the labour force 1958 24.8
    Employed, worked part-time 1754 22.2
    Employed, away from work 320 4.1
    Unemployed, looking for work 202 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 824 14.4
    Professionals 1262 22.0
    Technicians & trades workers 737 12.8
    Clerical & administrative workers 1110 19.3
    Sales 688 12.0
    Others 1121 19.5
    Occupation
    Census Count Percent(%)
    Pre-school 238 7.5
    Infants/Primary 1070 33.7
    Secondary 1011 31.8
    Technical or Further Educational Institution 279 8.8
    University or other Tertiary Institutions 516 16.2
    Others 62 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8039 79.1
    Semi-detached, row or terrace house, townhouse 1701 16.7
    Flat, unit or apartment 416 4.1
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1669 51.1
    Fully owned 1001 30.7
    Rented 586 17.9
    Other tenure type 9 0.3
    Tenure Type
Census 2011, ABS
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