Merimbula is a smaller suburb in New South Wales within the Bega Valley local government area (postcode 2548). With a population of 3,821, the suburb has a mature demographic with a median age of 54. Households earn a median income of $60K per year, with an average household size of 2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Merimbula is $924,000, having dipped slightly 0.9% over the past year. Units have a median price of $430,000 (-13.6% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,517.
Merimbula is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 49 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Merimbula offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($924K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.5x is considered stretched. House prices have moved -0.9% year-on-year.
Merimbula is a smaller suburb in New South Wales within the Bega Valley local government area (postcode 2548). With a population of 3,821, the suburb has a mature demographic with a median age of 54. Households earn a median income of $60K per year, with an average household size of 2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Merimbula is $924,000, having dipped slightly 0.9% over the past year. Units have a median price of $430,000 (-13.6% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,517.
Merimbula is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 49 bus stops. The crime rate in the Bega Valley LGA is below average at 2,293 incidents per 100,000 population.
From an investment perspective, Merimbula offers a gross rental yield of 3.1%, rated as moderate yield. Property prices sit below the state median ($924K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 15.5x is considered stretched. House prices have moved -0.9% year-on-year.