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Merimbula
AREA REPORTS

Merimbula

Merimbula - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2548

house
unit

Property investors enjoyed capital gains of 16.98% 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 27.43% growth in median prices over a three-year period. This is considerably lower 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 3.25% increase in returns based on the current median price in MERIMBULA.

MERIMBULA, 2548 ranks 217th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 662nd on the list of best yielding suburbs for rental properties in NSW, posting a 3.25% return.

Data report can be found below

Merimbula
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $720,000 $330,000
GROWTH REPORT
Median Quarterly 1.41% 3.13%
Median 12 month 16.98% 4.76%
Median 3 years 27.43% 24.53%
Median 5 years 46.49% 29.41%
10 years average annual 5.74% 4.39%
Weekly media advert. rent $450 $330
Time on Market 115.6 days 112.1 days
Gross Rental Yield Percent 3.25% 5.2%
demographics (median values)*
Total Population
7734
Weekly Household Income
1009
Household Size
2.10
Age
55
Monthly Loan Repayment
1477
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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