Merewether is in the bottom 40% in NSW when comparing median price capital growth over the last year. Merewether gave property investors a disappointing capital gain figure when compared to the rest of the state, with -8.33%.
While Merewether,2291 ranked number 256th in NSW for increase in median house value (annualised) increase, it is ranked 163th over the last 5 years.
Our latest figures would indicate that property sellers in Merewether are currently offering property investors an average price cut of -8.60% below the asking price at the moment.
Residents and property investors in Merewether have been waiting around 70.2319 days to sell a property.
Merewether, 2291’s gross rental yield is 2.47%
Merewether has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.85% to date .
Comparing Merewether,2291 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Merewether is giving property investors an average Vendor Discount of around -7.91%. This puts suburb at number 110th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $415 and the average annual increase in value of a median property of 8.27%, investors should hope to achieve an overall return of 3.41%