AREA REPORTS

Merewether Heights

NSW/
Merewether heights

Suburb Profile

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

house

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.

Data report can be found below

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
demographics (median values)
Total Population
1374
Weekly Household Income
1347
Household Size
2.70
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

Renovation

‘Sexy’ reno options for cashed-up tenants

Renters's expectations evolve over time, and renovations for an investment property should work to create a higher asking price from potenti...

Suburbs

5,000-plus rise in homes up for auction last quarter

While Australia’s capital cities saw a continuation of softening in auction clearance rates over the December quarter, there was a conside...

Perth skyline

Infrastructure, retail spend tipped to boost west coast city

A rise in private spending in one recovering state for infrastructure and resource-related projects is likely to increase the attractiveness...

Carpenter building a roof of a house

Building boom creating cheaper buys, new report says

Australia’s capital cities experienced a rise in housing affordability over the last quarter of 2018, which one senior economist said is m...

Hobart Australia

3 property hotspots from 2018: will they do well in 2019?

Smart Property Investment’s Phil Tarrant and Sasha Karen, together with Momentum Media’s James Mitchell, look back on property hotspots ...

Adelaide

Property investment areas to watch and avoid in 2019

Based on her knowledge and experience as a property valuer, investment adviser, market commentator and author, one expert shares some of the...