With a capital gain of 21.40% for the last 12 months, Merimbula, 2548 has performed for property investments than its average annual 4.00% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Merimbula has given property investors a paper return of 11.01%. This puts Suburb as 68 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Merimbula 2548 should be seeing an average reduction in asking price of around -4.48% . This means that Merimbula is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Merimbula the average time real estate has been on the market is 94.48 days.
Merimbula is 392th on a list of best yielding suburbs for rents in NSW with a 3.94% return
Merimbula has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 25.60% to date .
Merimbula,2548 was ranked 1433 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Merimbula are currently offering property investors an average price cut of -4.21% below the asking price at the moment.
In the last year 145 properties changed hands in Merimbula, which puts it as the 103th most active market in NSW when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.