Auction Times
Sat 6 Apr | Auction Time | Agency | |
---|---|---|---|
10 Lorraine Street 3 2 2 House | 10:30 AM Sat 6th Apr | First National Newcastle City | |
2 Hugh Street 3 1 1 House | 3:00 PM Sat 6th Apr | Wilton Lemke Stewart |
Thu 11 Apr | Auction Time | Agency | |
---|---|---|---|
31 Ranclaud Street 4 2 2 House | 5:00 PM Thu 11th Apr | PRDnationwide | |
97 Henry Street 5 2 3 House | 5:00 PM Thu 11th Apr | PRDnationwide |
Median Sale Price
House
-
Updated on Jan 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jan 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 | $729,000 | +10.8% | $335,000 | $3,770,000 | 163 |
2011 | $711,200 | -2.5% | $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 | $2,125,000 | +12.9% | $810,000 | $11,050,000 | 103 |
2024 | $1,975,000 | -7.6% | $865,000 | $2,650,000 | 24 |
Median Sale Price
$2.13M
Based on 104 recorded sales within the last 12 months
Updated on 29 Mar 2024
Suburb Growth
+12.9%
Current Median Price: $2,125,000
Previous Median Price: $1,850,000
Based on 220 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Feb 2024)
Price Range Segments (12 months ending Feb 2024)
Median Weekly Rent Price
House
-
Updated on Jan 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jan 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 | 144 |
2024 | $800 | -6.3% | $370 | $1,600 | 24 |
Median Rent Price
$835
per week
Based on 129 recorded rent within the last 12 months
Updated on 29 Mar 2024
Rent Price Growth
+9.0%
Current Median Rent: $835
Previous Median Rent: $760
Based on 262 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2%
Current Median Price: $2,125,000
Current Median rent: $835
Based on 233 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Feb 2024)
Auction Results For Merewether
Houses sold in Last 12 months ends 23 Mar 2024
$2.2M
Median Sale Price
52%
Clearance Rate
14/27
Sold/Reported
$6.11M
Highest Sale Price
Sold Price Range | No. of Sold Properties | |
---|---|---|
$3 M and more | 1 | |
$2 M - $3 M (Median Price Range) | 6 | |
$1 M - $1.2 M | 2 | |
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 |