Suburb Profile Report for Merimbula NSW (2548)

Merimbula House: Median price $575,000, Annual capital growth 4.65%, Number of sales 86, Weekly median advertised rent $430

Merimbula Unit: Median price $280,000, Annual capital growth 3.69%, Number of sales 159, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 21.05% for the last 12 months, Merimbula, 2548 has performed for property investments than its average annual 4.65% property growth over the last 5 years.

Over the longer term, Merimbula has seen property prices show investors a 12.75% return over the last 3 years. This is an improvement over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.57% offered to property buyers. Sellers in Merimbula itself are offering an average vendor discount of -4.72% to real estate investors.

Residents and property investors in Merimbula have been waiting around 101.33 days to sell a property.

Merimbula, 2548’s gross rental yield is 3.89%

Property value increases in Merimbula have tracked close to the NSW average of 4.56% over the last 12 months.

A 34.62% growth in median value for property investors in Merimbula,2548 puts this suburb at number 100th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Merimbula is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 296th in terms of most discounted suburbs in NSW

At number 1241 in a list of fastest selling suburbs, Merimbula is in the bottom 20% of suburbs in Australia with an average of days on market 105.59 for properties listed there.

Renters in Suburb are facing rents around $3240 per annum or $270 every week.

Metrics i HOUSE UNIT
$575,000 $280,000
1.77% 3.70%
21.05% 2.75%
4.65% 3.69%
$430 $270
86 159
3.89% 5.01%
101.33 105.59

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 3277
Median household income ($/weekly) 828
Median age of persons 50
Median housing loan repayment ($/monthly) 1300
Average household size 2
  • Census Count Percent(%)
    35-44 years 316 9.6
    45-54 years 472 14.4
    55-64 years 537 16.4
    65-74 years 456 13.9
    75-84 years 299 9.1
    Others 1198 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1145 48.2
    Not Married 973 41.0
    Defacto Relationship 257 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2548 84.3
    New Zealand 22 0.7
    Papua New Guinea 56 1.9
    United Kingdom 230 7.6
    Other 43 1.4
    Others 124 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 1.1
    Christianity 2096 73.4
    Islam 3 0.1
    Other Religious Groups 11 0.4
    No Religion 712 24.9
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 125 9.9
    $400-$599 208 16.5
    $600-$799 169 13.4
    $800-$999 168 13.3
    $1,500-$1,999 126 10.0
    Others 465 36.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1227 47.0
    Employed, worked full-time 727 27.9
    Employed, worked part-time 483 18.5
    Employed, away from work 97 3.7
    Unemployed, looking for work 74 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 223 17.1
    Professionals 170 13.0
    Technicians & trades workers 214 16.4
    Clerical & administrative workers 148 11.3
    Sales 202 15.5
    Others 350 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 42 8.8
    Infants/Primary 160 33.3
    Secondary 166 34.6
    Technical or Further Educational Institution 58 12.1
    University or other Tertiary Institutions 37 7.7
    Others 17 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1776 62.6
    Flat, unit or apartment 575 20.3
    Semi-detached, row or terrace house, townhouse 459 16.2
    Caravan, cabin, houseboat 22 0.8
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 523 39.4
    Rented 496 37.3
    Being purchased 277 20.8
    Other tenure type 33 2.5
    Tenure Type
Census 2011, ABS
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