Merimbula has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 1.53% to date .
While Merimbula,2548 ranked number 1072th in NSW for increase in median house value (annualised) increase, it is ranked 1090th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Merimbula is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 1074th in terms of most discounted suburbs in NSW
Merimbula is 352th on a list of best yielding suburbs for rents in NSW with a 4.26% return
Merimbula has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 27.68% to date .
Across a shorter period, Merimbula, 2548 has seen a median price increase of 13.83% over the last quarter.
Merimbula, 2548 is offering NSW ‘s 177th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.
In the last year 135 properties changed hands in Merimbula, which puts it as the 115th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.