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 -10.08%
While Merimbula,2548 ranked number 1015th in NSW for increase in median house value (annualised) increase, it is ranked 964th over the last 5 years.
Property buyers and investors in Merimbula 2548 should be seeing an average reduction in asking price of around -5.23% . This means that Merimbula is holding prices well when compared to other suburbs in NSW.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 4.10%, without taking into account capital value appreciation, which has been averaging out at 1.98%.
Over the last year, property investments in Merimbula, 2548 have given investors a capital gain of -18.33%. This compares very badly with the 6.92% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Merimbula,2548 has racked up an average of -18.33% over the period. This ranks it number 1498th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Merimbula, 2548. Typically our figures indicate that -5.86% is being offered, which puts this NSW suburb at 493th most discounted overall in Australia.