Melbourne, Perth Drive Weekly Auction Activity
Capital city auction activity is expected to rise over this weekend, with an increase in volumes on the back of strong a...
Property investors have seen a -1.52% drop in MEREWETHER HEIGHTS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MEREWETHER HEIGHTS, 2291 saw average growth in the long term.
The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $970,000
Profits averaged -0.17% per annum over a 3-year period, due to an downward trend in home prices in MEREWETHER HEIGHTS, 2291.
This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
The gross rental yield in MEREWETHER HEIGHTS, 2291 is 4.02%.
An average of 1.58 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 19 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.78%||N/A|
|Median 3 years||-0.51%||N/A|
|Median 5 years||34.54%||N/A|
|10 years average annual||6.21%||N/A|
|Weekly media advert. rent||$750||N/A|
|Time on Market||18.0 days||N/A|
|Gross Rental Yield Percent||4.02%||N/A|