Merewether Real Estate Statistics 2018 | Borrelli Quirk Newcastle Real Estate

Merewether Real Estate Statistics 2018

Merewether, NSW, 2291 

About Merewether

Famed for its beachside lifestyle and glorious views, Merewether is one of the most sought-after suburbs in the Newcastle LGA. Located a mere 3km from the Newcastle CBD, Merewether is bordered by The Junction to the north, Adamstown to the west, Merewether Heights to the south and Merewether Beach to the east.

The suburb is home to approximately 11,000 people, with older or established families making up 35% of local residents. The average weekly income in Merewether is just over $1,500 and the standard monthly mortgage repayment sits at $2,167 per month. The median age is 37 and the median size of each household is 2.4 persons.

Property trends in Merewether continue to climb, reflecting the popularity of this beachside hub. Annual capital growth is well over 8% for the suburb, for both houses and units. Strong demand for property makes Merewether a great choice for those looking to buy, invest or sell.

Merewether Real Estate Data

Median house price - $1,400,00

Median unit price - $671,500

Median weekly house rental price - $550

Median weekly unit rental price - $390

Median house rental yield - 2.04%

Median unit rental yield - 3.02%

12 month growth (houses) - 22.54%

12 month growth (units) - 36.48%

Average long-term growth (houses) - 8.88%

Averaged long-term growth (units) - 8.66%

Tips for Selling Real Estate in Merewether

Ensure outdoor areas are well presented

Merewether’s enviable beachside position means buyers are looking to make the most of the outdoors. To maximise your sale price, ensure outdoor areas are clean, well maintained and presented with the buyer in mind. Updating outdoor furniture, freshening outdoor areas with potted colour and cleaning up neglected corners will make a huge difference when it comes time to sell your home.

Focus on lifestyle

Merewether offers an amazing lifestyle to buyers at all stages of life. With magnificent beaches, quality schools, nearby shopping centres and a multitude of services available, Merewether represents the lifestyle we all want. When preparing your home for sale, focus on the benefits of the local area and sell the lifestyle, not just your house. You may not have beachfront views but, remember, you can still sell the beachside dream.

Present the house as a finished article, not a fixer-upper

Buyers are drawn to the prestige of Merewether and its beachside lifestyle. Take advantage of eager buyers, ready to move in to enjoy all that Merewether offers, by presenting your home as move-in ready. Before putting your house on the market, complete odd jobs around the home and put effort into presenting a finished home with nothing left to do. You’ll be rewarded with a quicker sale and a higher sale price.

Merewether Schools

Public

Catholic

Independent

Merewether PS

Hamilton South PS

Merewether Heights PS

The Junction PS

Newcastle HS

Kotara HS

St Joseph’s Merewether

Holy Family Merewether

St Columba’s Adamstown

St Therese’s New Lambton

St Pius X (7-10)

St Francis Xavier (11-12)

Newcastle Grammar School

St Philip’s Christian College

Hunter Christian School


Merewether Services


Medical

Clubs

Pubs

Lingard Private Hospital

Merewether Ridge St Surgery

Lingard Medical Centre

Merewether The Junction General Practice

AIM Specialist Medical Centre

Glebe Rd Medical Practice

Merewether Family Practice

South Newcastle Leagues Club

Merewether Bowling Club

Merewether Surf Lifesaving Club

Dixon Park Surf Lifesaving Club

Merewether Golf Club

Mary Ellen Hotel

Prince of Wales Hotel

Burwood Inn

Merewether Surfhouse

The Beach Hotel

 

Landmarks

Parks

Supermarkets

Merewether Ocean Baths

Merewether Beach

Dixon Park Beach

Burwood Beach

Glenrock Lagoon

Empire Park

Dixon Park

Townson Oval

Gibbs Brothers Park

Myamblah Crescent Reserve

Caldwell Street Park

Woodward Reserve

Junction Fair Shopping Centre

Marketown Shopping Centre

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