Over the last year, property investments in Merewether, 2291 have given investors a capital gain of 27.42%. This compares very favourably with the 8.26% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Merewether,2291 has racked up an average of 27.42% over the period. This ranks it number 524th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Merewether 2291 should be seeing an average reduction in asking price of around -4.82% . This means that Merewether is holding prices well when compared to other suburbs in NSW.
Residents and property investors in Merewether have been waiting around 55.33 days to sell a property.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 2.29%, without taking into account capital value appreciation, which has been averaging out at 8.55%.
Property value increases in Merewether have tracked just lower than the NSW average of 6.07% over the last 12 months.
Comparing Merewether,2291 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Merewether itself are offering an average vendor discount of -3.36% to real estate investors.
In the last year 103 properties changed hands in Merewether, which puts it as the 144th most active market in NSW when comparing the number of sales per suburb.
Merewether is 313th on a list of best yielding suburbs for rents in NSW with a 3.99% return