Fact or myth: Does water view affect property price growth?
Waterfront locations, particularly in capital cities such as Sydney, are often deemed as “prestige property markets”, but can scenic vie...
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 $420 based on current median home prices for the suburb.
On average, rents on listings have reached the $420 mark, reflecting a 4.01% increase in returns based on the current median price in MERIMBULA.
MERIMBULA, 2548 ranks 909th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 391st on the list of best yielding suburbs for rental properties in NSW, posting a 4.01% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $545,000 | $300,000 |
| GROWTH REPORT | ||
| Median Quarterly | -3.96% | 0% |
| Median 12 month | -3.45% | 15.38% |
| Median 3 years | 5.31% | 17.65% |
| Median 5 years | 28.24% | 29.87% |
| 10 years average annual | 4.01% | 3.99% |
| Weekly media advert. rent | $420 | $285 |
| Time on Market | 90.3 days | 86.4 days |
| Gross Rental Yield Percent | 4.01% | 4.94% |
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