Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $655,000 | 0.0% | $243,000 | $5,000,000 | 168 |
| 2010 | $740,000 | +11.5% | $335,000 | $3,770,000 | 163 |
| 2011 | $711,200 | -4.0% | $200,000 | $2,850,000 | 178 |
| 2012 | $735,000 | +3.2% | $325,000 | $4,000,000 | 185 |
| 2013 | $885,000 | +16.9% | $252,000 | $3,550,000 | 203 |
| 2014 | $870,000 | -1.7% | $360,000 | $2,750,000 | 153 |
| 2015 | $930,000 | +6.5% | $304,500 | $4,100,000 | 111 |
| 2016 | $1,170,000 | +20.5% | $425,200 | $3,150,000 | 107 |
| 2017 | $1,400,000 | +16.4% | $540,000 | $5,050,000 | 111 |
| 2018 | $1,350,000 | -3.7% | $590,000 | $4,590,000 | 103 |
| 2019 | $1,240,000 | -8.9% | $572,000 | $3,450,000 | 108 |
| 2020 | $1,630,000 | +23.9% | $565,000 | $6,150,000 | 117 |
| 2021 | $2,020,000 | +19.3% | $455,000 | $8,700,000 | 136 |
| 2022 | $1,850,000 | -9.2% | $770,000 | $6,100,000 | 117 |
| 2023 | $2,150,000 | +14.0% | $810,000 | $11,050,000 | 103 |
| 2024 | $2,000,000 | -7.5% | $670,000 | $6,040,000 | 130 |
Median Sale Price
$2M
Based on 130 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-7.5%
Current Median Price: $2,000,000
Previous Median Price: $2,150,000
Based on 233 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $480 | 0.0% | $271 | $1,300 | 50 |
| 2012 | $520 | +7.7% | $275 | $1,300 | 69 |
| 2013 | $525 | +1.0% | $240 | $1,800 | 148 |
| 2014 | $500 | -5.0% | $220 | $1,800 | 101 |
| 2015 | $525 | +4.8% | $280 | $950 | 149 |
| 2016 | $550 | +4.5% | $300 | $1,500 | 125 |
| 2017 | $530 | -3.8% | $300 | $1,250 | 117 |
| 2018 | $600 | +11.7% | $280 | $1,500 | 113 |
| 2019 | $620 | +3.2% | $280 | $1,400 | 102 |
| 2020 | $700 | +11.4% | $310 | $1,500 | 101 |
| 2021 | $800 | +12.5% | $400 | $3,500 | 102 |
| 2022 | $750 | -6.7% | $400 | $2,000 | 123 |
| 2023 | $850 | +11.8% | $410 | $1,900 | 145 |
| 2024 | $800 | -6.3% | $370 | $2,500 | 136 |
Median Rent Price
$800
per week
Based on 138 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
-6.3%
Current Median Rent: $800
Previous Median Rent: $850
Based on 283 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.1%
Current Median Price: $2,000,000
Current Median rent: $800
Based on 268 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Merewether
Houses sold in Last 12 months ends 21 Dec 2024
$1.84M
Median Sale Price
68%
Clearance Rate
36/53
Sold/Reported
$6M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 1 | |
| $2 M - $3 M | 7 | |
| $1.8 M - $2 M (Median Price Range) | 4 | |
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 M | 2 | |
| $1.2 M - $1.4 M | 2 | |
| $1 M - $1.2 M | 6 | |
| $800 K - $1 M | 1 | |
Similar Suburbs to Merewether 2291
Based on median house sale price sold in last 12 months
Schools closest to Merewether, NSW 2291
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Holy Family Primary School | 19 JANET STREETMerewether 2291 | Primary | Catholic | 0.74 km |
| The Junction Public School | UNION STMerewether 2291 | Primary | Government | 0.73 km |
| Hamilton South Public School | KENRICK STMerewether 2291 | Primary | Government | 1.01 km |
| St Joseph's Primary School | FARQUHAR STREETMerewether 2291 | Primary | Catholic | 0.91 km |
| Merewether Public School | HENRY STMerewether 2291 | Primary | Government | 1.01 km |
| Newcastle High School | PARK WAY AVEHamilton 2303 | Secondary | Government | 1.34 km |
| Merewether Heights Public School | CEDAR CRESMerewether Heights 2291 | Primary | Government | 1.39 km |
| St Francis Xaviers College | 286 PARKWAY AVENUEHamilton 2303 | Secondary | Catholic | 1.79 km |
| Merewether High SchoolTop 10 | CHATHAM STBroadmeadow 2303 | Secondary | Government | 2.09 km |