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 4.17%.

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 $575 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 48.7 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 $1,375,000.

MEREWETHER ranks 501st on the list of best yielding suburbs for rental properties in NSW, posting a 2.17% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,375,000 $610,000
GROWTH REPORT
Median Quarterly -1.79% -3.37%
Median 12 month 4.17% 0.83%
Median 3 years 49.05% 27.08%
Median 5 years 67.99% 60.53%
10 years average annual 7.71% 6.63%
Weekly media advert. rent $575 $395
Time on Market 48.7 days 57.0 days
Gross Rental Yield Percent 2.17% 3.37%
demographics (median values)
Total Population
10365
Weekly Household Income
1117
Household Size
2.30
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