With a capital gain of -9.13% for the last 12 months, Merriwa, 2329 has performed for property investments than its average annual 3.12% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Merriwa comes in at number 1187th in NSW.
LACK OF BUYER INTEREST may well be the reason that Merriwa is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 127th in terms of most discounted suburbs in NSW
In the last year 28 properties changed hands in Merriwa, which puts it as the 988th most active market in NSW when comparing the number of sales per suburb.
A $240 per week rent on the median house gives suburb investors a gross yield of circa 6.12%, without taking into account capital value appreciation, which has been averaging out at 3.12%.