Property investors enjoyed capital gains of 17.71% 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 20.21% 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 $415 based on current median home prices for the suburb.
On average, rents on listings have reached the $415 mark, reflecting a 3.82% increase in returns based on the current median price in MERIMBULA.
MERIMBULA, 2548 ranks 229th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 420th on the list of best yielding suburbs for rental properties in NSW, posting a 3.82% return.
Property investors have seen a 1.89% gain in MERIMBULA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on MERIMBULA, 2548 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 14.89%.
Based on its average 5-year and quarterly capital gains MERIMBULA, 2548 saw average growth in the long term.
MERIMBULA, 2548 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $270,000.
Profits due to an upward trend in home prices in MERIMBULA, 2548 averaged 5.46% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $270 based on current median home prices for the suburb.
The gross rental yield in MERIMBULA, 2548 is 5.2%.
An average of 12.42 real estate transactions take place per month in MERIMBULA which translates to 149 per annum.
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