Merewether Heights, NSW 2291
Compare Part of Newcastle
114.02 km
Distance from Sydney CBD
13 k
Population
Median Sale Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $550,000 | 0.0% | $407,000 | $887,000 | 14 |
| 2010 | $590,000 | +6.8% | $460,000 | $1,281,000 | 37 |
| 2011 | $549,000 | -7.5% | $295,000 | $1,050,000 | 31 |
| 2012 | $650,001 | +15.5% | $459,500 | $2,110,000 | 28 |
| 2013 | $730,000 | +11.0% | $500,000 | $1,650,000 | 39 |
| 2014 | $745,000 | +2.0% | $663,000 | $955,000 | 17 |
| 2015 | $722,000 | -3.2% | $586,000 | $1,000,000 | 19 |
| 2016 | $875,000 | +17.5% | $558,000 | $1,280,000 | 17 |
| 2017 | $975,000 | +10.3% | $730,000 | $1,375,000 | 15 |
| 2018 | $1,040,000 | +6.3% | $755,000 | $1,460,000 | 15 |
| 2019 | $920,000 | -13.0% | $780,000 | $1,300,000 | 13 |
| 2020 | $1,000,000 | +8.0% | $825,000 | $1,642,500 | 17 |
| 2021 | $1,560,000 | +35.9% | $1,080,000 | $2,400,000 | 13 |
| 2022 | $1,400,000 | -11.4% | $1,075,000 | $2,030,000 | 26 |
| 2023 | $1,500,000 | +6.7% | $1,080,000 | $2,850,000 | 25 |
| 2024 | $1,875,000 | +20.0% | $1,530,000 | $2,300,000 | 5 |
Median Sale Price
$1.73M
Based on 12 recorded sales within the last 12 months
Updated on 26 Jun 2024
Suburb Growth
+13.0%
Current Median Price: $1,725,000
Previous Median Price: $1,500,000
Based on 44 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2024)
Price Range Segments (12 months ending May 2024)
Median Weekly Rent Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $540 | 0.0% | $360 | $800 | 6 |
| 2012 | $580 | +6.9% | $420 | $750 | 8 |
| 2013 | $650 | +10.8% | $460 | $950 | 9 |
| 2014 | $560 | -16.1% | $420 | $800 | 10 |
| 2015 | $550 | -1.8% | $420 | $850 | 13 |
| 2016 | $550 | 0.0% | $380 | $850 | 10 |
| 2017 | $580 | +5.2% | $450 | $900 | 10 |
| 2018 | $745 | +22.1% | $520 | $850 | 11 |
| 2019 | $850 | +12.4% | $500 | $1,200 | 10 |
| 2020 | $650 | -30.8% | $540 | $895 | 9 |
| 2021 | $1,000 | +35.0% | $700 | $1,600 | 14 |
| 2022 | $895 | -11.7% | $595 | $1,400 | 20 |
| 2023 | $795 | -12.6% | $600 | $1,190 | 16 |
| 2024 | $850 | +6.5% | $750 | $1,000 | 5 |
Median Rent Price
$850
per week
Based on 12 recorded rent within the last 12 months
Updated on 26 Jun 2024
Rent Price Growth
0.0%
Current Median Rent: $850
Previous Median Rent: $850
Based on 29 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.6%
Current Median Price: $1,725,000
Current Median rent: $850
Based on 24 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2024)
Auction Results For Merewether Heights
Houses sold in Last 12 months ends 22 Jun 2024
$1.88M
Median Sale Price
100%
Clearance Rate
4/4
Sold/Reported
$2.3M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 1 | |
| $1.8 M - $2 M (Median Price Range) | 1 | |
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 M | 1 | |
Similar Suburbs to Merewether Heights 2291
Based on median house sale price sold in last 12 months
Schools closest to Merewether Heights, NSW 2291
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Merewether Heights Public School | CEDAR CRESMerewether Heights 2291 | Primary | Government | 0.21 km |
| Merewether Public School | HENRY STMerewether 2291 | Primary | Government | 1.31 km |
| St Columba's Primary School | LOCKYER STAdamstown 2289 | Primary | Catholic | 1.55 km |
| Adamstown Public School | BRYANT STAdamstown 2289 | Primary | Government | 1.85 km |
| Holy Family Primary School | 19 JANET STREETMerewether 2291 | Primary | Catholic | 1.64 km |
| Merewether High SchoolTop 10 | CHATHAM STBroadmeadow 2303 | Secondary | Government | 2.07 km |
| Hamilton South Public School | KENRICK STMerewether 2291 | Primary | Government | 2.31 km |
| New Lambton South Public School | ST JAMES RDNew Lambton 2305 | Primary | Government | 2.54 km |