WA has seen average median house prices change by -2.50% which means that Merriwa, 6030 has not done well for property investors by showing a capital gain of -7.04% over the last year
While Merriwa,6030 ranked number 325th in WA for increase in median house value (annualised) increase, it is ranked 292th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Merriwa is offering property investors an average of -8.15. This rate of discount on properties puts Suburb at number 174th in terms of most discounted suburbs in WA
Residents and property investors in Merriwa have been waiting around 114.27 days to sell a property.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at -0.71%.