Property value increases in Merimbula have tracked higher than the NSW average of -4.21% over the last 12 months.
Taking the average capital gain, or increase in median house value, Merimbula,2548 has racked up an average of 5.97% over the period. This ranks it number 355th in the whole country for real estate investors looking at median house price increases.
At number 793th of NSW’s most discounted properties, Merimbula is in the TOP 20% of the state/territory when listing in order of most discounted to least.
At number 2774 in a list of fastest selling suburbs, Merimbula is in the bottom 30% of suburbs in Australia with an average of days on market 98.6 for properties listed there.
Merimbula, 2548’s gross rental yield is 3.68%
Merimbula has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.73% to date .
Comparing Merimbula,2548 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Merimbula are currently offering property investors an average price cut of -5.20% below the asking price at the moment.
Often selling an investment property can take time, and in Merimbula the average time real estate has been on the market is 103.254 days.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 5.39%.
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Not just for holidaymakers
Median unit price: $262,500
Three-year growth: 18.0%
Rental yield: 5.3%
An affordable suburb situated right on Merimbula Lake, Merimbula has been enjoying considerable growth, although the January 2018 quarter saw apartment values slip slightly.
A fixture on NSW’s Sapphire Coast, the suburb is known for its beaches, water sports and wildlife attractions. Merimbula Boardwalk by the lake is a beautiful walking trail. Merimbula is just 2km away from the town centre, facilitating flights from cities like Sydney and Melbourne.
While primarily a destination for holidaymakers, this spot has also been in demand with homebuyers, recording double-digit levels of growth since 2013. Its high average rental return of 5.3% likely also makes it attractive to investors. Units sell at a low discount rate of 4.2% - a good deal for vendors.