This property is Off Market
With an average age of 36, households expect an average monthly mortgage payment of $2,221 or a weekly rent payment of $425. The average family earns a weekly income of $2,826 with a typical household size of 2.3 and a 96.95% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Merewether ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Merewether classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Lower than average population density constrains growth in Merewether to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 4%)
Merewether - The Junction a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
60 / 100
31 / 100
Industry
26 / 100
22 / 100
Population
20 / 100
19 / 100
House Prices
68 / 100
60 / 100
Jobs
40 / 100
29 / 100
Incidents Trend State Average
Holy Family Primary School
Merewether Beach, NSW, 2291 Independent K-6
Newcastle High School
Hamilton, NSW, 2303 State 7-12
Merewether Heights Public School
Merewether Heights, NSW, 2291 State K-6
Hamilton Public School
Hamilton, NSW, 2303 State K-6
St Joseph's Primary School
Merewether, NSW, 2291 Independent K-6
Alesco Senior College
Cooks Hill, NSW, 2300 Independent 9-12
Hamilton South Public School
Merewether, NSW, 2291 State K-6
St Francis Xavier's College
Hamilton, NSW, 2303 Independent 11-12
The Junction Public School
Merewether, NSW, 2291 State K-6
Merewether Public School
Merewether, NSW, 2291 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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