Giving property investors a a solid capital gain of 21.88% for the last year, Merewether, 2291 is the 235th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Merewether comes in at number 692th in NSW.
Property buyers and investors in Merewether 2291 should be seeing an average reduction in asking price of around -4.85% . This means that Merewether is holding prices well when compared to other suburbs in NSW.
In the last year 157 properties changed hands in Merewether, which puts it as the 107th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $6600 per annum or $550 every week.
Merewether, 2291 ranked 419th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merewether is one of 3163 in our list for NSW
A 25.81% growth in median value for property investors in Merewether,2291 puts this suburb at number 493th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Merewether should be aiming for at least -3.43% off the asking price, which is the average vendor discount being achieved at the moment.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 5.02%.