At number 230th in the list of Australian suburbs ordered by increase in median house value over the last year, Merewether, 2291 is in the top 10% with a property value increase of 20.90% recorded in median house prices.
If we look at median property appreciation over just the last three months, Merewether has given property investors a paper return of 9.86%. This puts Suburb as 95 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -4.90% to buyers in Merewether at the moment, which is less than average for the rest of NSW.
The NSW suburb of Merewether, 2291 is in the Newcastle local government area.
If you compare the increase in value of investment property in Merewether, 2291 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.04%.
Over the longer term, Merewether has seen property prices show investors a 22.47% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Merewether is giving property investors an average Vendor Discount of around -3.65%. This puts suburb at number 315th in NSW when ranking the most discounted suburbs.