Merewether Heights is a small community in New South Wales within the Newcastle local government area (postcode 2291). With a population of 1,495, the suburb has an established demographic with a median age of 41. Households earn a median income of $157K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Merewether Heights is $1.6 million, having dropped significantly 9.9% over the past year. Units have a median price of $780,000. The current median weekly rent is $750. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,600.
Merewether Heights is served by 1 school, including 1 primary. The average ICSEA score is 1129, which is well above the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Merewether Heights offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 10.0x is considered moderate. House prices have moved -9.9% year-on-year.
Merewether Heights is a small community in New South Wales within the Newcastle local government area (postcode 2291). With a population of 1,495, the suburb has an established demographic with a median age of 41. Households earn a median income of $157K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Merewether Heights is $1.6 million, having dropped significantly 9.9% over the past year. Units have a median price of $780,000. The current median weekly rent is $750. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,600.
Merewether Heights is served by 1 school, including 1 primary. The average ICSEA score is 1129, which is well above the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Merewether Heights offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.6M/$1.5M). The price-to-income ratio of 10.0x is considered moderate. House prices have moved -9.9% year-on-year.