Property investors who have had real estate in Merewether, 2291 should be 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 32.54%
Merewether,2291 has offered an average of 32.54% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Merewether itself are offering an average vendor discount of -10.57% to real estate investors.
Residents and property investors in Merewether have been waiting around 63.25 days to sell a property.
Renters in Suburb are facing rents around $6420 per annum or $535 every week.
If you compare the increase in value of investment property in Merewether, 2291 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 19.58%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Merewether has increased when compared to the 5 year average annual rate.
Property buyers and investors in Merewether 2291 should be seeing an average reduction in asking price of around -4.07% . This means that Merewether is holding prices well when compared to other suburbs in NSW.
Merewether is 473th on a list of best yielding suburbs for rents in NSW with a 3.34% return