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Merewether
AREA REPORTS

Merewether

Merewether - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2291

house
unit

Property investments in MEREWETHER fare well against the rest of the country last year, registering a median home price increase of 34.52%.

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 $700 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 63.8 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 $1,695,000.

MEREWETHER ranks 989th on the list of best yielding suburbs for rental properties in NSW, posting a 2.15% return.

Data report can be found below

Merewether
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,695,000 $730,000
GROWTH REPORT
Median Quarterly 3.57% 5.04%
Median 12 month 34.52% 32.73%
Median 3 years 24.63% 17.74%
Median 5 years 70.35% 51.3%
10 years average annual 9.65% 7.95%
Weekly media advert. rent $700 $450
Time on Market 63.8 days 41.6 days
Gross Rental Yield Percent 2.15% 3.21%
demographics (median values)*
Total Population
13417
Weekly Household Income
1833
Household Size
2.40
Age
39
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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