Suburb Profile Report for Merimbula NSW (2548)

Merimbula House: Median price $494,500, Annual capital growth 1.67%, Number of sales 64, Weekly median advertised rent $420

Merimbula Unit: Median price $265,000, Annual capital growth 3.23%, Number of sales 141, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$494,500 $265,000
4.11% -1.85%
4.05% 20.45%
1.67% 3.23%
$420 $260
64 141
4.42% 5.10%
90.11 117.79

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 3277
Median household income ($/weekly) 828
Median age of persons 50
Median housing loan repayment ($/monthly) 1300
Average household size 2
  • Census Count Percent(%)
    35-44 years 316 9.6
    45-54 years 472 14.4
    55-64 years 537 16.4
    65-74 years 456 13.9
    75-84 years 299 9.1
    Others 1198 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1145 48.2
    Not Married 973 41.0
    Defacto Relationship 257 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2548 84.3
    New Zealand 22 0.7
    Papua New Guinea 56 1.9
    United Kingdom 230 7.6
    Other 43 1.4
    Others 124 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 1.1
    Christianity 2096 73.4
    Islam 3 0.1
    Other Religious Groups 11 0.4
    No Religion 712 24.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 125 9.9
    $400-$599 208 16.5
    $600-$799 169 13.4
    $800-$999 168 13.3
    $1,500-$1,999 126 10.0
    Others 465 36.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1227 47.0
    Employed, worked full-time 727 27.9
    Employed, worked part-time 483 18.5
    Employed, away from work 97 3.7
    Unemployed, looking for work 74 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 223 17.1
    Professionals 170 13.0
    Technicians & trades workers 214 16.4
    Clerical & administrative workers 148 11.3
    Sales 202 15.5
    Others 350 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 42 8.8
    Infants/Primary 160 33.3
    Secondary 166 34.6
    Technical or Further Educational Institution 58 12.1
    University or other Tertiary Institutions 37 7.7
    Others 17 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1776 62.6
    Flat, unit or apartment 575 20.3
    Semi-detached, row or terrace house, townhouse 459 16.2
    Caravan, cabin, houseboat 22 0.8
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 523 39.4
    Rented 496 37.3
    Being purchased 277 20.8
    Other tenure type 33 2.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals