Property value increases in Merimbula have tracked lower than the NSW average of 7.28% over the last 12 months.
Merimbula,2548 was ranked 1004 in Australia by increase in median property value over the quarter.
Property buyers and investors in Merimbula 2548 should be seeing an average reduction in asking price of around -4.38% . This means that Merimbula is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Merimbula, 2548 is in the Bega Valley local government area.
Property investors who have had real estate in Merimbula, 2548 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -13.73%
Across a shorter period, Merimbula, 2548 has seen a median price increase of 5.26% over the last quarter.
The most recent median price for Merimbula is $220000, with sellers offering an average of -5.61% off the asking price.
At number 1370 in a list of fastest selling suburbs, Merimbula is in the bottom 10% of suburbs in Australia with an average of days on market 128.98 for properties listed there.
Renters in Suburb are facing rents around $3000 per annum or $250 every week.