Suburb Profile
Merewether Heights - FREE SUBURB PROFILE REPORT POSTAL CODE: NSW,2291
Property investors have seen a 2.77% 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 $1,000,000
Profits averaged 8.6% 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 $650 based on current median home prices for the suburb.
The gross rental yield in MEREWETHER HEIGHTS, 2291 is 3.38%.
An average of 1.58 real estate transactions take place per month in MEREWETHER HEIGHTS which translates to 19 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,000,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.77% | N/A |
| Median 12 month | 8.99% | N/A |
| Median 3 years | 25.79% | N/A |
| Median 5 years | 33.33% | N/A |
| 10 years average annual | 7.72% | N/A |
| Weekly media advert. rent | $650 | N/A |
| Time on Market | 38.3 days | N/A |
| Gross Rental Yield Percent | 3.38% | N/A |
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