Merimbula, 2548 ranked 1356th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merimbula is one of 3162 in our list for NSW
The five-year average increase in median property values for Merimbula,2548 has given property investors a potential capital gain of 16.28% across each of those five years.
Merimbula2548 is located in NSW which offers an average discount of -5.52% to property investors. Merimbula itself is showing figures that indicate -5.58% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Merimbula being $465125 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.25%
Property value increases in Merimbula have tracked lower than the NSW average of 8.14% over the last 12 months.
Over the longer term, Merimbula has seen property prices show investors a -0.23% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Merimbula itself are offering an average vendor discount of -5.95% to real estate investors.
In the last year 118 properties changed hands in Merimbula, which puts it as the 117th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $257.5 mark per week – giving a return of 6.09% based on the median price in Suburb