Suburb Profile Report for Merimbula NSW (2548)

Merimbula House: Median price $485,000, Annual capital growth 2.47%, Number of sales 64, Weekly median advertised rent $375

Merimbula Unit: Median price $235,000, Annual capital growth 1.58%, Number of sales 130, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Merimbula is in the bottom 40% in NSW when comparing median price capital growth over the last year. Merimbula gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.30%.

Across a shorter period, Merimbula, 2548 has seen a median price increase of 5.15% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Merimbula is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1046th in terms of most discounted suburbs in NSW

Merimbula, 2548’s gross rental yield is 4.02%

Merimbula, 2548 ranked 331th in NSW when comparing growth in median property values or capital gain over the last 12 months. Merimbula is one of 3163 in our list for NSW

When looking at the potential capital gains offered to property investors over the last 3 years, Merimbula comes in at number 525th in NSW.

Vendor discounting in Merimbula is giving property investors an average Vendor Discount of around -4.51%. This puts suburb at number 205th in NSW when ranking the most discounted suburbs.

Merimbula, 2548’s gross rental yield is 5.75%

Metrics i HOUSE UNIT
$485,000 $235,000
5.15% 5.62%
4.30% 2.96%
2.47% 1.58%
$375 $260
64 130
4.02% 5.75%
117.08 120.19

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (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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