Real Estate Merimbula, NSW, 2548 Bega Valley
Thinking about buying in Merimbula? Now could not be a better time, with a whopping 4556 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $736,000 with prices in this suburb ranging from $162,000 to $5,940,000.
Merimbula is located near the coast as well as views of the ocean, demand is likely to be highMerimbula Real Estate Market Outlook
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.
About
Household makeup
| Median Weekly Rent | $257.00 |
| Median Monthly Mortgage | $1419.00 |
| Median Persons Per Bedroom | 0.62 |
| Average Household Size | 1.50 |
| Average Age | 46.00 |
| Average Income | $824.00 |
| Average Cars Per Dwelling | 2.41 |
| Average Properties Within 50M | 27.00 |
Typical Property Prices
| 1 Bed | $325,000 |
| 2 Bed | $489,795 |
| 3 Bed | $857,808 |
| 4 Bed | $993,000 |
| 5 Bed | $915,000 |
| 6 Bed + | $1,100,000 |
Housing Stock
Houses for sale Merimbula
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59 MONARO ST, MERIMBULA, NSW, 2548 | 3 | } 2 | 2 | $945,000 |
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3 CAROLYNNE ST, MERIMBULA, NSW, 2548 | 3 | } 1 | 2 | $1,100,000 |
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48 SAPPHIRE CR, MERIMBULA, NSW, 2548 | 3 | } 1 | 1 | $899,000 |
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7 SANDPIPER LANE, MERIMBULA, NSW, 2548 | 5 | } 3 | 2 | Price Guide $1,100,000 |
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UNIT 14, 27 BEACH ST, MERIMBULA, NSW, 2548 | 4 | } 2 | 2 | $899,000 |
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49 SAPPHIRE CR, MERIMBULA, NSW, 2548 | 4 | } 2 | 0 | $625,000 |
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UNIT 1, 32-34 MUNN ST, MERIMBULA, NSW, 2548 | 2 | } 1 | 1 | $575,000 |
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UNIT 2, 28 MERIMBULA DR, MERIMBULA, NSW, 2548 | 2 | } 1 | 1 | $539,000 |
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UNIT 9, 1-3 OCEAN DR, MERIMBULA, NSW, 2548 | 2 | } 2 | 2 | $650,000 |
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39 MAIN ST, MERIMBULA, NSW, 2548 | 3 | } 2 | 2 | Price Guide $1,250,000 |
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70 MERIMBULA DR, MERIMBULA, NSW, 2548 | 0 | } 0 | 0 | $399,000 |
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UNIT 2, 3-5 SHORT ST, MERIMBULA, NSW, 2548 | 2 | } 1 | 1 | $475,000 |
Local Schools
Merimbula Public School
(While the above schools are located with the suburb of Merimbula there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Merimbula weather - Average Local Climate by month
| (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
Recently Sold Properties / House Prices
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