Capital city clearance rates highest since 2017
Over the past three months, clearance rates across the combined capital cities have recorded the strongest peak since the June 2017 quarter....
Property investors have seen a 3.29% 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 $1,020,000
Profits averaged 12.78% 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 $720 based on current median home prices for the suburb.
The gross rental yield in MEREWETHER HEIGHTS, 2291 is 3.67%.
An average of 2.33 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 28 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,020,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.29% | N/A |
| Median 12 month | 5.05% | N/A |
| Median 3 years | 38.35% | N/A |
| Median 5 years | 37.65% | N/A |
| 10 years average annual | 8.38% | N/A |
| Weekly media advert. rent | $720 | N/A |
| Time on Market | 35.7 days | N/A |
| Gross Rental Yield Percent | 3.67% | N/A |
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