Merewether Heights is an average performer in NSW when comparing median price capital growth over the last year. Merewether Heights gave property investors a average capital gain figure when compared to the rest of the state, with 8.03%.
Merewether Heights,2291 has offered an average of 8.03% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Merewether Heights is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1201th in terms of most discounted suburbs in NSW
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