Merewether Heights

POSTAL CODE: NSW, 2291

HOUSE

Property investors have seen a 0% gain in MEREWETHER HEIGHTS based on an increase 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 $1,720,000

Profits averaged 7.33% 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 $950 based on current median home prices for the suburb.

The gross rental yield in MEREWETHER HEIGHTS, 2291 is 2.87%.

An average of 1.92 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 23 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,720,000	N/A
Growth Report
Median Quarterly	0%	N/A
Median 12 month	-1.85%	N/A
Median 3 years	22.86%	N/A
Median 5 years	77.32%	N/A
10 years average annual	10.62%	N/A
Weekly media advert. rent	$950	N/A
Time on Market	53.2 days	N/A
Gross Rental Yield Percent	2.87%	N/A

Demographics (Median Values)*

Total Population 13417

Weekly Household Income 1833

Household Size 2.40

Average 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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