Merimbula vs Unanderra
Property investment comparison - Merimbula, NSW 2548 vs Unanderra, NSW 2526
Head-to-head across core investment metrics: Merimbula wins 2, Unanderra wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Merimbula | Unanderra |
|---|---|---|
| Median house price | $950K | $950K |
| Median unit price | $540K | $765K |
| Gross rental yield (houses) | 3.45% | - |
| Gross rental yield (units) | 4.80% | 4.13% |
| 1-year house growth | +3.3% | +7.3% |
| 3-year house growth | +5.0% | +16.7% |
| Vacancy rate | 1.9% | 0.2% |
| Population | 3,821 | 5,476 |
Merimbula vs Unanderra: what the numbers say
Houses cost about the same in both suburbs: the median house price is $950K in Merimbula and $950K in Unanderra.
For units, Merimbula sits at a median of $540K against $765K in Unanderra, which makes Merimbula the more affordable unit market and Unanderra the pricier one.
Over the past year house prices moved +3.3% in Merimbula and +7.3% in Unanderra, so recent momentum favours Unanderra, although both suburbs recorded growth.
Looking back three years, Merimbula houses are +5.0% and Unanderra houses +16.7%, so Unanderra has compounded faster than Merimbula over the longer window.
Rental vacancy is 0.2% in Unanderra and 1.9% in Merimbula, so landlords in Unanderra face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Unanderra is the bigger suburb, with a population of 5,476 against 3,821, larger than Merimbula; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Unanderra for recent price momentum, Unanderra for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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