At number 2081th in the list of Australian suburbs ordered by increase in median house value over the last year, Merimbula, 2548 is in the BOTTOM 50% with a property value increase of 6.71% recorded in median house prices.
While Merimbula,2548 ranked number 547th in NSW for increase in median house value (annualised) increase, it is ranked 1069th over the last 5 years.
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 -3.67% is being offered, which puts this NSW suburb at 3188th most discounted overall in Australia.
Residents and property investors in Merimbula have been waiting around 92.5 days to sell a property.
Advertised rents are around the $435 mark per week – giving a return of 4.53% based on the median price in Suburb
With a capital gain of 27.40% for the last 12 months, Merimbula, 2548 has performed for property investments than its average annual 3.31% property growth over the last 5 years.
While Merimbula,2548 ranked number 392th in NSW for increase in median house value (annualised) increase, it is ranked 402th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Merimbula itself are offering an average vendor discount of -4.62% to real estate investors.