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Merrylands West Suburb Insights
VICLocation Information
Suburb Name
Merrylands West, VIC
Distance from CBD
13.6 kmDemographics
Population
6,592
Median Income
$25,116
Area Information
Area
1.74 km²
Population Density
3789 people/km²
Property Market
Median Price
$670,265
Annual Growth
+14.3%Property Price Trend Analysis
Current Median Price
$670,265
Annual Growth
+14.3%
Quarterly Growth
+3.4%
Price Trends - Last 6 Months
2024-01
$989,418
+7.1%2024-02
$1,055,427
+12.1%2024-03
$840,088
+9.9%2024-04
$789,778
+14.8%2024-05
$1,003,479
+12.2%2024-06
$1,015,223
+20.5%Property Type Price Analysis
House
Median Price
$1,179,487
Growth Rate
+6.6%Available Listings
324 properties
Apartment
Median Price
$316,379
Growth Rate
+16.7%Available Listings
659 properties
Townhouse
Median Price
$709,834
Growth Rate
+14.2%Available Listings
342 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy