Suburb Profile Report for Merimbula NSW (2548)

Merimbula House: Median price $475,250, Annual capital growth 1.98%, Number of sales 69, Weekly median advertised rent $375

Merimbula Unit: Median price $205,000, Annual capital growth -1.77%, Number of sales 118, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$475,250 $205,000
-0.81% -1.91%
-10.08% -18.33%
1.98% -1.77%
$375 $255
69 118
4.10% 6.47%
140.9 120.55

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Merimbula NSW
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
Chart Table
Recent sales & rentals