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.