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AREA REPORTS

Merimbula

Suburb Profile

Merimbula - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2548

house
unit

Property investors enjoyed capital gains of 3.5% over the last 12 months in MERIMBULA, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in MERIMBULA are low, as opposed to average gains per annum over the past five years.

The suburb posted a 22.69% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

On average, rents on listings have reached the $450 mark, reflecting a 3.95% increase in returns based on the current median price in MERIMBULA.

MERIMBULA, 2548 ranks 580th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 398th on the list of best yielding suburbs for rental properties in NSW, posting a 3.95% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $592,000 $310,000
GROWTH REPORT
Median Quarterly 0% 0%
Median 12 month 3.5% 2.99%
Median 3 years 22.69% 14.81%
Median 5 years 18.4% 32.62%
10 years average annual 4.62% 5.74%
Weekly media advert. rent $450 $290
Time on Market 123.5 days 113.1 days
Gross Rental Yield Percent 3.95% 4.86%
demographics (median values)
Total Population
3204
Weekly Household Income
670.5
Household Size
2.10
demographics
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