Property investors who have had real estate in Merewether, 2291 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 33.48%
While Merewether,2291 ranked number 249th in NSW for increase in median house value (annualised) increase, it is ranked 111th over the last 5 years.
Sellers are offering property buyers an average discount of -8.45% to buyers in Merewether at the moment, which is less than average for the rest of NSW.
Property investors should expect to get $560 weekly from the median priced house in this suburb.
Over the last year, property investments in Merewether, 2291 have given investors a capital gain of 15.67%. This compares favourably with the 7.74% for NSW as a whole.
While Merewether,2291 ranked number 222th in NSW for increase in median house value (annualised) increase, it is ranked 298th over the last 5 years.
At number 243th of NSW’s most discounted properties, Merewether is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Merewether the average time real estate has been on the market is 35.57 days.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 7.07%.