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Merewether Heights

Suburb Profile

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

house

Property investors have seen a -2.22% 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 $880,000

Profits averaged -2.57% per annum over a 3-year period, due to an downward trend in home prices in MEREWETHER HEIGHTS, 2291.

This means, real estate investors could earn a rental income of $770 based on current median home prices for the suburb.

The gross rental yield in MEREWETHER HEIGHTS, 2291 is 4.55%.

An average of 2.17 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 26 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $880,000 N/A
GROWTH REPORT
Median Quarterly -2.22% N/A
Median 12 month -12% N/A
Median 3 years -7.71% N/A
Median 5 years 11.39% N/A
10 years average annual 4.96% N/A
Weekly media advert. rent $770 N/A
Time on Market 75.8 days N/A
Gross Rental Yield Percent 4.55% N/A
demographics (median values)
Total Population
1374
Weekly Household Income
1347
Household Size
2.70
demographics
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