Over the last year, property investments in Merewether Heights, 2291 have given investors a capital gain of 1.83%. This compares averagely with the 4.04% for NSW as a whole.
Vendor discounting in Merewether Heights is giving property investors an average Vendor Discount of around -2.32%. This puts suburb at number 1204th in NSW when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Merewether Heights the average time real estate has been on the market is 37.25 days.
6km south of the Newcastle CBD, the suburb of Merewether Heights reported very significant house price growth in the year leading up to the end of September 2017Full summary
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Premium suburb skyrockets
Median house price: $958,000
Three-year growth: 25.7%
Rental yield: 3.3%
6km south of the Newcastle CBD, the suburb of Merewether Heights reported very significant house price growth in the year leading up to the end of September 2017.
Values soared by 33% to a median of $958,000. Despite the hefty price tags, houses fly off the market, spending an average of just 22 days on sale. This could be due to Merewether Heights’s proximity to the city and its amenities – employment, schools and entertainment. Hence, even with its low yields, this suburb could be one to keep an eye out for if you’re investing for long-term growth.
Newcastle East Public School, Newcastle High school and the University of Newcastle are nearby, as are the shops in Westfield Kotara and Merewether Beach. Merewether Heights is served by the buses that stop at Hatfield St.Close