Suburb Profile Report for Merewether NSW (2291)

Merewether House: Median price $1,170,000, Annual capital growth 7.92%, Number of sales 157, Weekly median advertised rent $550

Merewether Unit: Median price $485,000, Annual capital growth 5.02%, Number of sales 100, Weekly median advertised rent $370

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 21.88% for the last year, Merewether, 2291 is the 235th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Merewether comes in at number 692th in NSW.

Property buyers and investors in Merewether 2291 should be seeing an average reduction in asking price of around -4.85% . This means that Merewether is holding prices well when compared to other suburbs in NSW.

In the last year 157 properties changed hands in Merewether, which puts it as the 107th most active market in NSW when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $6600 per annum or $550 every week.

Merewether, 2291 ranked 419th 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 25.81% growth in median value for property investors in Merewether,2291 puts this suburb at number 493th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Merewether should be aiming for at least -3.43% off the asking price, which is the average vendor discount being achieved at the moment.

A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 5.02%.

Metrics i HOUSE UNIT
$1,170,000 $485,000
6.12% -2.22%
21.88% 0.52%
7.92% 5.02%
$550 $370
157 100
2.44% 3.97%
53.77 57.02

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10468
Median household income ($/weekly) 1559
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1145 10.9
    25-34 years 1585 15.1
    35-44 years 1367 13.1
    45-54 years 1548 14.8
    55-64 years 1248 11.9
    Others 3575 34.2
    Age Group
    Census Count Percent(%)
    Not Married 3632 45.0
    Registered Married 3594 44.6
    Defacto Relationship 840 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 8966 88.6
    Japan 59 0.6
    Papua New Guinea 115 1.1
    United Kingdom 358 3.5
    Other 155 1.5
    Others 469 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 118 1.2
    Christianity 7047 72.1
    Hinduism 39 0.4
    Islam 38 0.4
    No Religion 2483 25.4
    Others 53 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 297 7.8
    $1,500-$1,999 410 10.7
    $2,000-$2,499 364 9.5
    $2,500-$2,999 433 11.3
    $3,000-$3,499 306 8.0
    Others 2010 52.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3569 41.9
    Not in the labour force 2488 29.2
    Employed, worked part-time 1873 22.0
    Employed, away from work 347 4.1
    Unemployed, looking for work 237 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 813 14.0
    Professionals 1905 32.9
    Technicians & trades workers 681 11.8
    Community & personal service workers 572 9.9
    Clerical & administrative workers 753 13.0
    Others 1065 18.4
    Occupation
    Census Count Percent(%)
    Pre-school 175 6.4
    Infants/Primary 755 27.4
    Secondary 655 23.8
    Technical or Further Educational Institution 223 8.1
    University or other Tertiary Institutions 898 32.6
    Others 49 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7243 73.3
    Flat, unit or apartment 1463 14.8
    Semi-detached, row or terrace house, townhouse 1159 11.7
    House or flat attached to a shop, office 17 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1442 34.6
    Fully owned 1388 33.3
    Being purchased 1296 31.1
    Other tenure type 39 0.9
    Tenure Type
Census 2011, ABS
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