Giving property investors a a stable capital gain of 9.89% for the last year, Merewether, 2291 is the 1155th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Merewether has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Merewether are currently offering property investors an average price cut of -4.75% below the asking price at the moment.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 6.92% which means that Merewether, 2291 has done well for property investors by showing a capital gain of 7.38% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Merewether comes in at number 325th in NSW.
Property investors looking for a bargain in Merewether should be aiming for at least -3.18% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.