Merimbula

POSTAL CODE: NSW, 2548

HOUSE

UNIT

Property investors enjoyed capital gains of 0.98% 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.

This number can mean, real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

On average, rents on listings have reached the $700 mark, reflecting a 4.04% increase in returns based on the current median price in MERIMBULA.

MERIMBULA, 2548 ranks 1019th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 242nd on the list of best yielding suburbs for rental properties in NSW, posting a 4.04% return.

Property investors have seen a 5.15% gain in MERIMBULA based on an increase in median home prices for the past three months.

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 $510,000.

Profits due to an upward trend in home prices in MERIMBULA, 2548 averaged 1.01% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

The gross rental yield in MERIMBULA, 2548 is 4.89%.

An average of 8.67 real estate transactions take place per month in MERIMBULA which translates to 104 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$900,000	$510,000
Growth Report
Median Quarterly	2.27%	5.15%
Median 12 month	0.98%	-2.39%
Median 3 years	-12.2%	3.03%
Median 5 years	24.57%	52.24%
10 years average annual	6.39%	7.78%
Weekly media advert. rent	$700	$480
Time on Market	120 days	116.2 days
Gross Rental Yield Percent	4.04%	4.89%

Demographics (Median Values)*

Total Population 7734

Weekly Household Income 1009

Household Size 2.10

Average 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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