Thinking about buying in Merimbula? Now could not be a better time, with 4591 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $818,000 with prices in this suburb ranging from $38,000 to $8,178,000. Merimbula is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Median Weekly Rent | $322.75 |
Median Monthly Mortgage | $1555.50 |
Median Persons Per Bedroom | 0.74 |
Average Household Size | 1.88 |
Average Age | 54.63 |
Average Income | $712.75 |
Average Cars Per Dwelling | 1.62 |
Average Properties Within 50M | 27 |
1 Bed  $500,000 |
2 Bed  $507,000 |
3 Bed  $975,000 |
4 Bed  $1,146,000 |
5 Bed  $1,506,000 |
6 Bed+$1,354,000 |
In Merimbula there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Merimbula is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Merimbula changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Merimbula we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Merimbula a better buying opportunity than it may have been in the past.
UNIT 9, 59 MAIN ST, MERIMBULA, NSW, 2548 | 2 | 1 | 1 | $499,000 |
Merimbula Public School
Pambula Public School
Lumen Christi Catholic College
(While the above schools are located with the suburb of Merimbula there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.9 | 17.0 | 22.6 | 64.5 | 90 | 8.1 | 21.9 |
Feb | 2.6 | 17.0 | 22.5 | 65.8 | 90.9 | 7.5 | 18.4 |
Mar | 2.8 | 15.8 | 21.6 | 61.1 | 89.2 | 7.5 | 15.7 |
Apr | 2.2 | 14.0 | 20.2 | 58.5 | 88.6 | 6.6 | 12.8 |
May | 2.5 | 11.3 | 17.4 | 57.4 | 88.8 | 7.0 | 9.6 |
Jun | 3.3 | 9.7 | 15.5 | 59 | 88.9 | 6.7 | 7.7 |
Jul | 1.7 | 8.8 | 15.0 | 54.2 | 87.6 | 6.5 | 8.5 |
Aug | 2.1 | 8.9 | 15.7 | 50.9 | 87.6 | 7 | 11 |
Sept | 2.1 | 10.5 | 17.1 | 56.1 | 89.3 | 8 | 14.9 |
Oct | 2.4 | 11.4 | 17.9 | 56.5 | 89.2 | 8.1 | 19.3 |
Nov | 2.2 | 13.8 | 19.7 | 60.8 | 89.3 | 8.3 | 23.3 |
Dec | 2.0 | 15.1 | 21.0 | 61.0 | 88.4 | 8.4 | 25.1 |
source: Australian Government Bureau of Meteorology
03-10-2024 | $1,475,000 | 52 CLIFF ST |
30-09-2024 | $592,000 | 19 / 59 MAIN ST |
30-09-2024 | $439,000 | 2 / 9 OCEAN DR |
30-09-2024 | $850,000 | 11 MULLOWAY CCT |
27-09-2024 | $675,000 | 25 / 1 OCEAN VIEW AVE |
26-09-2024 | $810,000 | 21 KOWARA CRES |
20-09-2024 | $428,500 | 9 / 1 DUNNS LANE |
20-09-2024 | $690,000 | 8 / 52 FISHPEN RD |
06-09-2024 | $2,200,000 | 19 LAKEVIEW AVE |
06-09-2024 | $892,500 | 12 BELLBIRD CRES |
30-08-2024 | $1,140,000 | 133 MERIMBULA DR |
28-08-2024 | $600,000 | 4 / 6 CAMERON ST |
28-08-2024 | $540,000 | 2 / 17 OCEAN DR |
26-08-2024 | $575,000 | 17 / 1 OCEAN VIEW AVE |
26-08-2024 | $526,000 | 3 / 4 SAPPHIRE COAST DR |
07-08-2024 | $1,205,000 | 36 TANTAWANGALO ST |
07-08-2024 | $1,085,000 | 1 / 526 ARTHUR KAINE DR |
06-08-2024 | $390,000 | 10 / 1 DUNNS LANE |
02-08-2024 | $685,000 | 4 / 39 OCEAN DR |
01-08-2024 | $570,000 | 2 / 7 CALENDO CT |
31-07-2024 | $580,000 | 41 KOWARA CRES |
31-07-2024 | $690,000 | 3 / 1 OCEAN DR |
29-07-2024 | $405,000 | 8 / 43 SAPPHIRE COAST DR |
29-07-2024 | $392,000 | 2 / 2 WONGA ST |
26-07-2024 | $890,000 | 9 TERN CL |
12-07-2024 | $525,000 | 2 / 19 PARK ST |
12-07-2024 | $445,000 | 6 / 20 MUNN ST |
11-07-2024 | $485,000 | 4 / 40 MAIN ST |
11-07-2024 | $1,570,000 | 95 MULLOWAY CCT |
09-07-2024 | $460,000 | 2 / 11 KYEAMBA ST |
08-07-2024 | $475,000 | 5 / 16 OCEAN VIEW AVE |
01-07-2024 | $360,000 | 2 / 7 BURTON AVE |
01-07-2024 | $480,000 | 6 / 121 MERIMBULA DR |
28-06-2024 | $395,000 | 14 / 1 DUNNS LANE |
27-06-2024 | $1,350,000 | 79 MONARO ST |
20-06-2024 | $272,500 | 6 / 16 CHAPMAN AVE |
20-06-2024 | $430,000 | 3 / 6 VIEW ST |
07-06-2024 | $550,000 | 6 / 10 MARINE PDE |
05-06-2024 | $458,000 | 7 / 7 CALENDO CT |
04-06-2024 | $1,500,000 | 8 WHARF ST |
31-05-2024 | $410,000 | 5 / 15 SHORT ST |
30-05-2024 | $1,700,000 | 26 HILL ST |
24-05-2024 | $745,000 | 5 / 10 REID ST |
23-05-2024 | $760,000 | 8 / 42 MAIN ST |
20-05-2024 | $340,000 | 6 / 11 CHAPMAN AVE |
15-05-2024 | $1,525,000 | 23 HILL ST |
03-05-2024 | $442,000 | 7 / 53 OCEAN DR |
26-04-2024 | $400,000 | 9 / 49 MONARO ST |
24-04-2024 | $450,000 | 1 / 12 CHAPMAN AVE |
24-04-2024 | $760,000 | 69 MERIMBULA DR |
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