Suburb Profile Report for Merimbula NSW (2548)

Merimbula House: Median price $466,250, Annual capital growth 2.36%, Number of sales 73, Weekly median advertised rent $380

Merimbula Unit: Median price $220,000, Annual capital growth 0.44%, Number of sales 125, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -10.72% for the last 12 months, Merimbula, 2548 has performed for property investments than its average annual 2.36% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Merimbula,2548 has racked up an average of -10.72% over the period. This ranks it number 2694th 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 -4.74% is being offered, which puts this NSW suburb at 2781th most discounted overall in Australia.

Merimbula is in the bottom 10% in NSW when comparing median price capital growth over the last year. Merimbula gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.73%.

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 -5.93%. This puts suburb at number 75th in NSW when ranking the most discounted suburbs.

HOUSE UNIT
$466,250 $220,000
-2.69% 5.26%
-10.72% -14.73%
2.36% 0.44%
$380 $250
73 125
4.24% 5.91%
133.7 133

Source: CoreLogic

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