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Merewether, NSW 2291
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,150,000
market range $2.0M-$2.3M
Median Unit
$955,000
market range $925K-$1M
Gross Yield
-
1yr Growth (houses)
+0.6%
market range +0.0% to +12.5%
Investment snapshot for Merewether
Merewether has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Merewether market and investor summary
Merewether (NSW 2291) runs a median house price of $2.1M. House prices have moved +0.6% over the past year and +7.3% over three years. At 2.0% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 2.0% and a resident base that is not shrinking.
Living in Merewether: people, income and schools
About 11,788 people live in Merewether, a number that has held fairly steady over five years. The median age is 39, broadly working-age, and families account for 66% of households.
Households here earn a median of about $119,000 a year, or roughly $2,290 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 18.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
There are 42 schools within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 39 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 11,788
- +3% over 5yr
- Median age
- 39 years
- Median household income
- $119,000/yr
- Households renting
- 33%
- Family households
- 66%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 42
- avg ICSEA 1089
- Unemployment
- 2.0%
- Walk score
- 39/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Merewether
View all →Frequently asked questions about Merewether
What should I check before investing in Merewether?
Merewether has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (2.0% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Merewether?
The median property price in Merewether, NSW 2291 is $2.1M for houses and $955K for units.
What does recent house price growth show for Merewether?
House prices in Merewether are up 0.6% over the past year and up 7.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Merewether?
The current vacancy rate in Merewether is 2.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Merewether?
Merewether has a population of approximately 11,788 residents, with a median age of 39.
What schools are near Merewether?
There are 42 schools within roughly 5km of Merewether. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Merewether affordable to buy in?
A median house in Merewether costs about 18.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Merewether's population growing?
The population of Merewether has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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