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Property investors have seen a -2.7% 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 $973,000
Profits averaged 9.06% per annum over a 3-year period, due to an upward trend in home prices in MEREWETHER HEIGHTS, 2291.
This means, real estate investors could earn a rental income of $670 based on current median home prices for the suburb.
The gross rental yield in MEREWETHER HEIGHTS, 2291 is 3.58%.
An average of 1.67 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 20 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $973,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.7% | N/A |
| Median 12 month | 1.57% | N/A |
| Median 3 years | 27.19% | N/A |
| Median 5 years | 34.21% | N/A |
| 10 years average annual | 7.57% | N/A |
| Weekly media advert. rent | $670 | N/A |
| Time on Market | 35.9 days | N/A |
| Gross Rental Yield Percent | 3.58% | N/A |
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