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Menai, NSW 2234

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Menai, NSW 2234 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Menai, NSW 2234”

  1. The total adult population (15 years or older) of Menai 2234 NSW is 8,361, with a median age of 39. Of those, 56.24% are married, 9.34% are divorced or separated, 30.83% are single and 3.58% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $11,296. The median monthly mortgage repayment for households in this suburb is $2,600 which is 23.02% of their earnings.

    Source: ABS Census Data (2021)

  2. The NSW suburb of Menai, with the postal code 2234, is estimated to host approximately 4048 households. By the Q3 of 2023, the going rate for houses in Menai is roughly around the $1,308,632 mark. Weekly rent slides around the median of $818, generating an indicative yield of 3.25% – which meets the minimum requirement presented as an attractive proposition for cashflow-oriented property investors.

    As to the socio-economic fabric of Menai, the IRSAD score sits at a hearty 1092 out of a potential 1217. this suggests Menai’s population sits comfortably in the upper brackets of economic resource accessibility, income levels and skilled professions. A working indication that the area boasts a wealthier, more affluent demographic.

    The renter to owner ratio is 15%, showing a significantly smaller proportion of renters to property owners. This desirable lower ratio could be an indicator of higher property values and higher household incomes. Similarly, the unit to house ratio of just 14% points towards a neighbourhood dominated by houses. This factor can often be seen as an attractive option to families seeking longer tenancy periods, potentially providing landlords with more stable and regular rental income.

    However, it’s crucial to highlight the suburb’s Affordability Index. Standing at 45 years, the number is a stark reminder of the steep property price tags you expect to find in this neck of the woods. Indeed, it could deter potential new homeowners who might struggle to pay off a mortgage within a 30-year period.

    But for those with the financial power, Menai’s property market does seem welcoming, given its quite low supply levels. With the stock on the market percentage for houses settled at a mere 0.26% and inventory level at 1.0 month, competition can be seen as relatively lower than in other regions, allowing for potential higher returns.

    Furthermore, the building approvals Ratio for houses in Menai is reported at 0.83%, well within margins, standing testament against the risk of property price falls due to an oversupply of new dwellings. With the average days on the market for houses down to just 16 days, high demand is clear.

    Fade little the vacancy rate is quite steady at a balanced 1.34%, indicating a reasonable equilibrium between demand and supply. In addition to this neutral demand, a buy search index for houses of 5 adds further weight to the evidence of an average demand level when compared to state/city averages.

    In essence, while Menai raises some eyebrows with its Affordability Index, its predominantly affluent population and balanced supply and demand metrics present a sound proposition for potential property investors. However, it’s paramount to continually monitor the metrics and their trends to ensure wise investment decisions. In doing so, it may be beneficial to utilise tools like HtAG Analytics’ RCS (Relative Composite Score), developed to take into account all these mentioned metrics and deliver a comprehensive picture of the property market landscape.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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