At number 3190th in the list of Australian suburbs ordered by increase in median house value over the last year, Merewether, 2291 is in the BOTTOM 30% with a property value increase of -4.98% recorded in median house prices.
Across a shorter period, Merewether, 2291 has seen a median price increase of 3.33% over the last quarter.
Our latest figures would indicate that property sellers in Merewether are currently offering property investors an average price cut of -8.43% below the asking price at the moment.
Merewether, 2291’s gross rental yield is 2.56%
Investment property in Merewether has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.16%
Merewether,2291 has offered an average of -10.16% 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 is offering property investors an average of -6.01. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in NSW
With the median price for a house in Merewether being $552500 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.95%