Merewether Heights Property Management
Merewether Heights is a suburb of Newcastle in New South Wales, Australia. It is situated 6 km. southwest from the Central Business District (CBD). It has a population of around 1,400 as per 2016 census with an average income of $962. Merewether Heights saw good appreciation in house prices over the years. Houses sell off pretty quickly, staying only 21 days on an average on the market and units take even lesser time – just 16 days before they are sold. This suburb is close to excellent amenities and the city. Good schools, shopping, entertainment and offices are close by. The houses are a good investment if you are looking for long-term investment. Newcastle East Public School, Newcastle High School and University of Newcastle are all nearby. There is good public transport connectivity too.
Real Estate in Merewether Heights
Median selling price for houses in Merewether Heights is $950,000. This is at a decline of -3.8% compared to last year. Median selling price of homes in 2017-18 was $987,500. A total of 14 houses were sold in the period of Apr 2018 - Mar 2019. The sale of homes here spikes in the months of March, July, August, October and November. Average rental for homes is $620 per week. Rentals are growing at 3.4% annually. Number of current home rentals is 23. Merewether Heights has excellent real estate investment opportunities and is a good choice for property management.
Population in Merewether Heights
Merewether Heights has a mix of younger population and seniors. Families include 53% couples, 36% couples with no children, and 10% single-parent homes. Age wise, seniors above the age of 60 are about 360 people. Between 40 to 59 years, there are 370 people, and between 20 to 39 years there are around 250 people. Between 0-4 years, there are 80 babies and infants. Between 5-19 year olds, there are 310 children and teens. Average household size is 2.8. Weekly household income is between $500 and $1499 per week for about 125 people. The same is about $1500 per week for about 250 people. The rest earn between $100 to $499 per week. 36% of the suburb’s residents are employed in full-time work while 21% are part-time workers. 70% of them drive their car to work, 3% walk to work, 3% cycled to work and 7% worked from home. 33% of them are not in labour force accounting for the students and babies and 3% people are unemployed. As far as homes are concerned, 48% homes are fully owned. 43% people are purchasing homes and 9% are rented accommodations. When we look at dwelling structures, 98% are separate houses and 2% are semis/terraces. All stats are as per 2016.
If you are looking for property managers, No Bull Real Estate is the perfect choice for you. They specialise in Property Management and real estate investments. For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle & Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au