Property investors who have had real estate in Merewether, 2291 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.00%
Taking the average capital gain, or increase in median house value, Merewether,2291 has racked up an average of 12.00% over the period. This ranks it number 144th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Merewether 2291 should be seeing an average reduction in asking price of around -5.63% . This means that Merewether is holding prices well when compared to other suburbs in NSW.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 5.36% which means that Merewether, 2291 has done well for property investors by showing a capital gain of 11.47% over the last year
If we look at median property appreciation over just the last three months, Merewether has given property investors a paper return of -6.30%. This puts Suburb as 526 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.57% offered to property buyers. Sellers in Merewether itself are offering an average vendor discount of -2.28% to real estate investors.
In the last year 92 properties changed hands in Merewether, which puts it as the 156th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $390 weekly from the median priced house in this suburb.