Merimbula, 2548 ranked 1135th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merimbula is one of 3163 in our list for NSW
While Merimbula,2548 ranked number 985th in NSW for increase in median house value (annualised) increase, it is ranked 1058th over the last 5 years.
The most recent median price for Merimbula is $480000, with sellers offering an average of -3.51% off the asking price.
Residents and property investors in Merimbula have been waiting around 103.85 days to sell a property.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 1.76%.
At number 39th in the list of Australian suburbs ordered by increase in median house value over the last year, Merimbula, 2548 is in the top 10% with a property value increase of 31.01% recorded in median house prices.
Across a shorter period, Merimbula, 2548 has seen a median price increase of 23.86% over the last quarter.
Sellers are offering property buyers an average discount of -4.56% to buyers in Merimbula at the moment, which is less than average for the rest of NSW.
Merimbula is 123th on a list of best yielding suburbs for rents in NSW with a 4.77% return