Suburb Profile Report for Merimbula NSW (2548)

Merimbula House: Median price $607,750, Annual capital growth 5.59%, Number of sales 48, Weekly median advertised rent $430

Merimbula Unit: Median price $310,000, Annual capital growth 5.39%, Number of sales 106, Weekly median advertised rent $300

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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%.

Information supplied by:


April 2018

M
O

W
E

Not just for holidaymakers

Postcode: 2548

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.

Metrics i HOUSE UNIT
$607,750 $310,000
6.25% 3.33%
5.97% 4.73%
5.59% 5.39%
$430 $300
48 106
3.68% 5.03%
98.6 103.253731343284

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Merimbula NSW
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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