Merewether Heights

POSTAL CODE: NSW, 2291
HOUSE

Property investors have seen a -1.99% 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 $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 1.75 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 21 per annum.

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