Powered by MOMENTUM MEDIA
AREA REPORTS

Merewether

Suburb Profile

Merewether - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2291

house
unit

Property investments in MEREWETHER did not fare well against the rest of the country last year, registering a median home price decrease of -11.57%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MEREWETHER, 2291 saw average growth in the long term.

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 67.1 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,185,000.

MEREWETHER ranks 218th on the list of best yielding suburbs for rental properties in NSW, posting a 2.63% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,185,000 $555,000
GROWTH REPORT
Median Quarterly -5.2% -12.94%
Median 12 month -11.57% -9.76%
Median 3 years 5.33% 11.9%
Median 5 years 38.6% 23.54%
10 years average annual 7.21% 6.54%
Weekly media advert. rent $600 $420
Time on Market 67.1 days 69.3 days
Gross Rental Yield Percent 2.63% 3.94%
demographics (median values)
Total Population
10365
Weekly Household Income
1117
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Melbourne suburbs

Victoria emerges as Australia’s happiest state – real estate report

The latest national report on seller happiness found the areas exhibiting the highest rate of seller happiness across Australia, ultimately ...

office buildings

‘Untapped’ opportunities flagged for Australia’s middle markets

The 2020 calendar year is shaping up to be a big one for investors looking to capitalise on Australia’s middle markets office space. ...

Investing in property with an SMSF

What to know about SMSFs and property

A director at HLB Mann Judd has shed light on how investors can utilise a self-managed super fund to meet their property goals. ...

Sydney

East coast growth tipped to slow

With the east coast of Australia becoming increasingly unaffordable and wage growth continuing to stall, east coast growth is tipped to slow...

Hunt for yield driving alternative investments

Hunt for yield driving alternative investments

The low rate environment means investors are moving towards financial product assets and away from property to earn returns in 2020, accordi...

home building

Boost to home building won’t be a boom

New figures have shown just how much of a squeeze low housing construction numbers had on the national economy last year. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.