Merewether Heights Real Estate Statistics 2018

Merewether Heights, NSW, 2291

About Merewether Heights

Merewether Heights lies high on a ridge overlooking the Tasman Sea and enjoys views over much of the Newcastle LGA. Located 6km south west from the Newcastle CBD, Merewether Heights is bordered by Adamstown to the north, Adamstown Heights to the west, Glenrock State Conservation Area to the south and Merewether to the east.

The suburb is home to approximately 1.432 people, with older or established families making up 54% of local residents. The average weekly income in Merewether Heights is just over $1,900 and the standard monthly mortgage repayment sits at $2,167 per month. The median age is 41 and the median size of each household is 2.8 persons.

There is high demand for property in Merewether Heights, with significant growth in the housing market. With 98% of properties in the suburb consisting of detached homes, there is little data available on units in the area. However, annual capital growth is well over 7% for houses in Merewether Heights, with rental properties returning a median yield of 3.42% for investors.  

Merewether Heights Real Estate Data

Current as of August 2018

Median house price - $987,500

Median unit price - N/A

Median weekly house rental price - $650

Median weekly unit rental price - N/A

Median house rental yield - 3.42%

Median unit rental yield - N/A

12 month growth (houses) - 3.95%

12 month growth (units) - N/A

Average long-term growth (houses) - 7.40%

Averaged long-term growth (units) - N/A

Tips for Selling Real Estate in Merewether Heights

Highlight nature and green space

Merewether Heights sits in a unique enclave, surrounded by bushland and amazing views. Take advantage of these unique features when selling your home by highlighting how your home connects to nature. Make the most of your views by pruning back trees and tidying up bushes. Use leafy plants throughout your home to bring the outside in and lure buyers outdoors with comfortable outside spaces, where they can sit back and listen to the birds in the trees.

Style your property for families

Since the majority of homes in Merewether Heights are occupied by families, it makes sense to take advantage of this by styling your property with families in mind. If possible, stage a room as a second living space or teenage retreat, to demonstrate that your property is large enough to give everyone space. Consider installing additional storage to meet the demands of busy families and highlight convenient off-street parking options to secure a quick sale.

Pay attention to street appeal

Many homes in Merewether Heights are older homes, harking back to the 1960s. Set your property apart by paying attention to how your home looks from the street. A coat of paint is an affordable way to instantly freshen up the look of your home. Replanting gardens, updating driveways and garage doors and even replacing your front door can transform your home’s street appeal and increase your sale price.

Merewether Heights Schools

Public	Catholic	Independent
Merewether Heights PS Kotara HS	St Joseph’s Merewether Holy Family Merewether St Columba’s Adamstown St James’ Kotara South St Pius X (7-10) St Francis Xavier (11-12)	Newcastle Grammar School St Philip’s Christian College Hunter Christian School

Merewether Heights Services

Medical	Clubs	Pubs
Lingard Private Hospital Merewether Ridge St Surgery Lingard Medical Centre AIM Specialist Medical Centre Merewether Family Practice	Merewether Bowling Club Merewether Surf Lifesaving Club Merewether Golf Club	Mary Ellen Hotel Prince of Wales Hotel Burwood Inn Merewether Surfhouse The Beach Hotel

 

Landmarks	Parks	Supermarkets
Burwood Beach Glenrock Lagoon	Gibbs Brothers Park Myamblah Crescent Reserve Caldwell Street Park Woodward Reserve	Junction Fair Shopping Centre Westfield Kotara Charlestown Square