Merewether, NSW 2291

Merewether, NSW 2291

Compare Part of Newcastle

115.24 km
Distance from CBD
13 k
Population

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

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