Merewether, NSW 2291

Merewether, NSW 2291

Compare Part of Newcastle

115.24 km
Distance from CBD
13 k
Population

Auction Times

Sat 30 Jan
Auction Time Agency
91 Merewether Street
3 2 1 House
9:45 AM
Sat 30th Jan
First National Newcastle City
Median Sale Price
House
$1.43M
Updated on Dec 2020
2 BR
$765K
3 BR
$1.1M
4 BR
$1.65M
Unit
$615K
Updated on Dec 2020
1 BR
$373K
2 BR
$540K
3 BR
$855K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$650,000
0.0% $243,000 $2,300,000 168
2010
$729,000
+10.8% $335,000 $3,550,000 163
2011
$710,000
-2.7% $200,000 $2,850,000 178
2012
$725,000
+2.1% $325,000 $4,000,000 185
2013
$885,000
+18.1% $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 $5,050,000 110
2018
$1,350,000
-3.7% $570,000 $4,590,000 103
2019
$1,240,000
-8.9% $572,000 $3,450,000 108
2020
$1,325,000
+6.4% $565,000 $4,200,000 116
2021
$660,000
-100.8% $660,000 $660,000 2
Median Sale Price
$1.3M
Based on 115 recorded sales within the last 12 months
Updated on 20 Jan 2021
Suburb Growth
+4.6%
Current Median Price: $1,300,000
Previous Median Price: $1,240,000
Based on 225 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$650
Updated on Dec 2020
2 BR
$500
3 BR
$620
4 BR
$800
Unit
$425
Updated on Dec 2020
1 BR
$340
2 BR
$420
3 BR
$650
4 BR
$650
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
$520
+3.8% $280 $950 149
2016
$550
+5.5% $300 $1,500 125
2017
$530
-3.8% $300 $1,250 117
2018
$600
+11.7% $280 $1,500 113
2019
$610
+1.6% $280 $1,400 102
2020
$700
+12.9% $390 $1,500 94
2021
-
- - - -
Median Rent Price
$690
per week
Based on 88 recorded rent within the last 12 months
Updated on 20 Jan 2021
Rent Price Growth
+10.1%
Current Median Rent: $690
Previous Median Rent: $620
Based on 191 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.8%
Current Median Price: $1,300,000
Current Median rent: $690
Based on 203 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)

Auction Results For Merewether

Houses sold in Last 12 months ends 16 Jan 2021

$1.1M

Median Sale Price

75%

Clearance Rate

3/4

Sold/Reported

$1.1M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1 M - $1.2 M
(Median Price Range)
1

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