Shire of Merredin, WA

The Shire of Merredin is a small rural LGA in Western Australia whic is located in the Goldfields-Esperance region and covers an area of 3300 km2. The Shire of Merredin is known for its largely unchanged landscape and pastoral lifestyle. Its major industry is agriculture.

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Merredin is also a regional base for a range of Government agencies and services. It is an area with high employment and extensive community involvement. 

Development has mostly focused on areas that are considered to be the most desirable by real estate agents, which includes areas near schools and parks, outskirts estates, and close proximity to Perth with access via telecommunication networks.

The best attribute for buying property in the Shire of Merredin is the rural environment. It is a family-oriented community with lots to explore outdoors.

The community is also rich in natural resources, with over 300 kilometres of waterways and one of the most fertile valleys in Australia.

The economic development in this area is limited with no major industry but it can be seen as a regional hub for the nation with its natural resources and a large amount of arable land.

Explore the property market data for this LGA on this page.

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Capital Growth Heatmap

Property Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
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Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
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Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
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Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
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DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
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Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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Property Market in Shire of Merredin, WA

What LGAs neighbour Shire of Merredin, WA?

The Shire of Merredin is a local government area in the Wheatbelt region of Western Australia.

How many people live in Shire of Merredin, WA?

There are approximately 3000 people living in roughly 1400 dwellings in total, with an average household size of 2.4.

What major retailers are there in Shire of Merredin, WA?

There are main retailers such as nextra Merredin, Surf Shop, ASHPASH look.

What is the main industry in Shire of Merredin, WA?

Agriculture, forestry and fishing take the largest part of the employment.

What are the dominant demographic groups in Shire of Merredin, WA?

Among approximately 3000 people in Merredin (S) males and females make up to roughly 53% and 47% respectively. The median age of people is 36 years. Children aged 0-14 years account for approximately 19% of the population, and those aged 65+ years account for 15%.

How is unemployment rate trending in Shire of Merredin, WA?

Among approximately 1300 people employed, roughly 60% work full-time, 27% work part-time, and an estimated 6% are unemployed.

Suburbs/localities in this Local Government Area: Korbel 6415, Muntadgin 6420, Tandegin 6415, South Burracoppin 6421, Hines Hill 6413, Nangeenan 6414, Merredin 6415, Nokaning 6415, Nukarni 6480, Burracoppin 6421, Goomarin 6415, Norpa 6415

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