At number 434th in the list of Australian suburbs ordered by increase in median house value over the last year, Merewether, 2291 is in the top 20% with a property value increase of 15.69% recorded in median house prices.
A 51.15% growth in median value for property investors in Merewether,2291 puts this suburb at number 108th in terms of best performing suburbs in NSW
Property buyers and investors in Merewether 2291 should be seeing an average reduction in asking price of around -5.09% . This means that Merewether is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 14.00 sales per month, which equates to 168 per year.
Renters in Suburb are facing rents around $6600 per annum or $550 every week.
Merewether, 2291 ranked 293th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merewether is one of 3163 in our list for NSW
A 28.50% growth in median value for property investors in Merewether,2291 puts this suburb at number 352th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -3.65% to buyers in Merewether at the moment, which is less than average for the rest of NSW.
In the last year 92 properties changed hands in Merewether, which puts it as the 156th most active market in NSW when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 4.78%.