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Investment Property Merewether, NSW, 2291

Suburb Snapshot

Merewether is a suburb in the Newcastle Region of New South Wales. Merewether has a population of 10,964 people and 30.22% of its occupants live in rental accommodation. The median listing price for houses is $2,000,000 and this has changed 0.00% over the past year and changed 5.68% over 2 years.

The median rent in Merewether for houses is $850 per week and the median rental yield is 2.21%. Stock on the market for houses/townhouses has changed 1.89% compared to last year and the average time to sell a house/townhouse is 95 days.The median listing price for units is $737,500 and this has changed 3.87% over the past year. The average unit takes 50 days to sell and the median rent for a unit in Merewether is $570 per week, producing a rental yield of 4.01%.

Supply & Demand in Merewether, Newcastle

1.23%

Current vacancy rate


66

Rental stock available


10,964

Population


30.22%

Rental population


1.06%

Current vacancy rate


872

Rental stock available


155,409

Population


31.53%

Rental population


1.02%

Current vacancy rate


37,155

Rental stock available


7,480,223

Population


27.79%

Rental population


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Statistical data for Merewether, Newcastle

  House Townhouses Units
Median listing price $2,000,000 $1,312,500 $737,500
Median price change - last quarter 4.14% 4.38% 3.47%
Median price change - 1 year 0.00% 31.25% 3.87%
Median price change - 2 years 5.68% 28.04% 5.81%
  House Townhouses Units
Median weekly rent $850 $800 $570
Median yield % 2.21% 3.16% 4.01%
Median rent change - 1 year 6.25% 14.28% 5.55%
  House Units
Previous month sales 17 4
Stock on market previous month 54 10
Stock variance vs. last year 1.89% -33.33%
Average days on market 95 50

Merewether investment property listings

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