Suburb Profile Report for Merewether Heights NSW (2291)

Merewether Heights House: Median price $887,000, Annual capital growth 6.01%, Number of sales 23, Weekly median advertised rent $580

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

With a capital gain of 23.02% for the last 12 months, Merewether Heights, 2291 has performed for property investments than its average annual 6.01% property growth over the last 5 years.

While Merewether Heights,2291 ranked number 506th in NSW for increase in median house value (annualised) increase, it is ranked 719th over the last 5 years.

Property investors looking for a bargain in Merewether Heights should be aiming for at least -8.57% off the asking price, which is the average vendor discount being achieved at the moment.

A $580 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 6.01%.

Metrics i HOUSE UNIT
$887,000 N/A
3.14% N/A
23.02% N/A
6.01% N/A
$580 N/A
23 N/A
3.40% N/A
18.72 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 1432
Median household income ($/weekly) 1901
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 224 15.6
    35-44 years 216 15.1
    45-54 years 185 12.9
    55-64 years 147 10.3
    65-74 years 181 12.6
    Others 480 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 647 64.6
    Not Married 282 28.2
    Defacto Relationship 72 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1241 90.3
    Papua New Guinea 15 1.1
    United Kingdom 40 2.9
    United States of America 9 0.7
    Other 14 1.0
    Others 56 4.1
    Country of Birth
    Census Count Percent(%)
    Christianity 982 73.4
    No Religion 340 25.4
    Buddhism 8 0.6
    Other Religious Groups 5 0.4
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 41 9.4
    $1,500-$1,999 51 11.7
    $2,000-$2,499 43 9.9
    $2,500-$2,999 73 16.7
    $3,000-$3,499 37 8.5
    Others 191 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 396 37.1
    Not in the labour force 371 34.8
    Employed, worked part-time 235 22.0
    Unemployed, looking for work 33 3.1
    Employed, away from work 32 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 88 13.3
    Professionals 243 36.7
    Technicians & trades workers 74 11.2
    Clerical & administrative workers 88 13.3
    Sales 62 9.4
    Others 107 16.2
    Occupation
    Census Count Percent(%)
    Pre-school 31 8.2
    Infants/Primary 166 43.9
    Secondary 81 21.4
    Technical or Further Educational Institution 20 5.3
    University or other Tertiary Institutions 72 19.0
    Others 8 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1295 98.0
    Semi-detached, row or terrace house, townhouse 26 2.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 231 48.0
    Being purchased 205 42.6
    Rented 42 8.7
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals