Merimbula has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.05% to date .
Merimbula,2548 was ranked 966 in Australia by increase in median property value over the quarter.
The most recent median price for Merimbula is $494500, with sellers offering an average of -3.80% off the asking price.
Merimbula, 2548’s gross rental yield is 4.42%
Property investors who have had real estate in Merimbula, 2548 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 20.45%
If we look at median property appreciation over just the last three months, Merimbula has given property investors a paper return of -1.85%. This puts Suburb as 497 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Merimbula should be aiming for at least -4.85% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $260 mark per week – giving a return of 5.10% based on the median price in Suburb