Giving property investors a a solid capital gain of 33.00% for the last year, Merewether, 2291 is the 80th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Merewether has given property investors a paper return of 1.39%. This puts Suburb as 815 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Merewether is giving property investors an average Vendor Discount of around -7.94%. This puts suburb at number 129th in NSW when ranking the most discounted suburbs.
In the last year 147 properties changed hands in Merewether, which puts it as the 139th most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Merewether, 2291 is in the Newcastle local government area.
Merewether has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.30% to date .
Merewether,2291 was ranked 1580 in Australia by increase in median property value over the quarter.
Merewether2291 is located in NSW which offers an average discount of -4.13% to property investors. Merewether itself is showing figures that indicate -4.04% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Merewether being $546000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.62%