Auction Times
Sat 23 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 4 Bank Street 4 2 2 House | 10:30 AM Sat 23rd Nov | Mavis Property Co |
 | 47 Scenic Drive 5 3 4 House | 11:15 AM Sat 23rd Nov | Dowling Real Estate |
Wed 27 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 16 Patrick Street 8 4 2 Unitblock | 6:00 PM Wed 27th Nov | Salt Property Newcastle |
 | 32 Busby Close 4 3 2 House | 6:00 PM Wed 27th Nov | Salt Property Newcastle |
 | 15 Elliott Street 3 1 1 House | 6:00 PM Wed 27th Nov | Salt Property Newcastle |
| 32 Busby Close 4 3 2 House | 6:00 PM Wed 27th Nov | Salt Property Newcastle |
 | 16 Patrick Street 8 4 2 Unitblock | 6:00 PM Wed 27th Nov | Salt Property Newcastle |
Wed 4 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 61 Hickson Street 5 5 2 House | 6:00 PM Wed 4th Dec | Salt Property Newcastle |
 | 61 Hickson Street 5 5 2 House | 6:00 PM Wed 4th Dec | Salt Property Newcastle |
 | 61 Hickson Street 5 5 2 House | 6:00 PM Wed 4th Dec | Robinson Property |
| 61 Hickson Street 5 5 2 House | 6:00 PM Wed 4th Dec | Robinson Property |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $650,000 | 0.0% | $243,000 | $5,000,000 | 168 |
| 2010 | $740,000 | +12.2% | $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 | $1,955,000 | -10.0% | $670,000 | $6,040,000 | 117 |
Median Sale Price
$1.99M
Based on 129 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
-2.9%
Current Median Price: $1,992,000
Previous Median Price: $2,050,000
Based on 231 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | 122 |
Median Rent Price
$850
per week
Based on 136 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+5.9%
Current Median Rent: $850
Previous Median Rent: $800
Based on 281 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.2%
Current Median Price: $1,992,000
Current Median rent: $850
Based on 265 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Merewether
Houses sold in Last 12 months ends 16 Nov 2024
$1.84M
Median Sale Price
66%
Clearance Rate
32/49
Sold/Reported
$2.78M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 7 | |
| $1.8 M - $2 M (Median Price Range) | 3 | |
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 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 |