Real Estate Merimbula NSW 2548

Real Estate Market: Is Merimbula NSW 2548 a Good Suburb to Buy Into?

Housing Market in Merimbula

Sources: Property Listings, TORREN and Microburbs, 2002 - 2023

Field	Value	VS Capital Region	Trend
Capital Growth Forecast (Houses)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$568	Top 38%	114% to Mar 2024
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Merimbula

Merimbula Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS, BASIX and Microburbs, 2002 - 2031

Field	Value	VS Capital Region	Trend
Development applications	899	Top 33%	0 to Jun 2024
Developments	3.0	Top 41%	Data for Jul 2023
Housing Stock Quality Indicator	58.7	Top 12%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
New Dwellings	24	Top 23%	58% to Dec 2020
Number of Subdivisions	22 lots	Top 18%	1000% to Dec 2022
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Proportion of subdividable properties	Premium	Premium	Premium
Stock on Market	29	Top 5%	141% to Mar 2024

Housing Stock Quality in Merimbula

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings, BASIX and Microburbs, 2006 - 2023

Field	Value	VS Capital Region	Trend
Houses	59.7%	Bottom 6%	10% to Jan 2021
Average bedrooms - all homes	2.0	Bottom 15%	Data for Jan 2021
NBN connection: fibreoptic cable to node	19.3%	Top 12%	Data for Jun 2023
Median land to asset ratio	Premium	Premium	Premium

Development Restrictions in Merimbula

Merimbula Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Field	Value	VS Capital Region	Trend
Total area	23.0 sq km	Top 34%	Data for Jan 2021
Average floor space ratio (zoning)	0.58	Bottom 37%	Data for Feb 2023
Environmental conservation area proportion	31.7%	Top 3%	Data for Jun 2023
Heritage sites	8	Top 18%	Data for Jun 2023
Residential density	1200 sqm per resident	Bottom 47%	Data for Jan 2021

Risk in Merimbula

Merimbula Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Field	Value	VS Capital Region	Trend
% Owner Occupied	80.1%	Bottom 17%	Data for May 2023
% Rentals	19.9%	Top 17%	Data for May 2023
Housing Affordability Index	59	Top 7%	Data for Jun 2023
Median monthly mortgage	$1,970	Top 47%	27% to May 2023
Rent Affordability Index (Houses)	70	Bottom 13%	Data for Jun 2023
Rent Affordability Index (Units)	66	Bottom 11%	Data for Jun 2023
Mortgage as a percent of income	30.4%	Top 15%	10% to Jan 2021
Mortgaged Dwellings	25.3%	Bottom 15%	12% to May 2023

Housing Demand in Merimbula

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2004 - 2030

Field	Value	VS Capital Region	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Historical population growth	Premium	Premium	Premium
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Merimbula

Merimbula Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Capital Region	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$470	Top 28%	159% to Mar 2024
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	69.2%	Bottom 49%	20% to Mar 2024

Accommodation Options (109)

Headline	Place	Datetime
Admirals Lodge	4 Calendo Ct
Albacore Apartments	Market St
Albatross Holiday Units	35 Merimbula Dr
Aquarius Resort Apartments	Crn Dunns Lane and Arthur Kaine Drv
Azalea Court Apartments	36 Merimbula Dr

Realtors (10)

Headline	Place	Datetime
Caddey Searl & Jarman	2/ 42 Main St
Coast Real Estate	4 Merimbula Dr
One Agency Dwyer Properties	Shop 13 The Plza
Regional Strata NSW	90 Main St
Sails Real Estate Pty Ltd	53 Market St

Median Unit Sale Prices by Street (63)

Year	Median sale value	Street
2023	$276,600	Alice St
2023	$506,300	Arthur Kaine Dr
2023	$547,200	Beach St
2023	$563,100	Beverley St
2023	$442,000	Burton Ave

LGA Details (1)

Headline	Place	Datetime
Local government area	Bega Valley

Median House Rental Prices by Street (56)

Street	Year	Median rent (per week)
Apoona St	2023	$625
Beach St	2023	$250
Bellbird Cr	2023	$515
Benandra Ave	2023	$589
Beverley St	2023	$655

Businesses (50)

Name	Address
Merimbula Sand & Gravel	280 Merimbula Dr, Merimbula NSW 2548, Australia
Watts Up Electrical	22 Bellbird Cres, Merimbula NSW 2548, Australia
Building All Aspects	3/33 Market St, Merimbula NSW 2548, Australia
Bryson Green Electrics	79 Merimbula Dr, Merimbula NSW 2548, Australia
Quality Choice Building Services Pty Ltd.	Merimbula NSW 2548, Australia

Median House Sale Prices by Street (94)

Street	Year	Median sale value
Apoona St	2023	$767,400
Arthur Kaine Dr	2023	$4,797,000
Beach St	2023	$594,800
Bellbird Cr	2023	$206,500
Benandra Ave	2023	$751,600

Percent of Renters by Street (83)

Percent of Renters	Street
11.1%	Alice St
35.0%	Apoona St
3.4%	Arthur Kaine Dr
9.0%	Beach St
29.7%	Bellbird Cr

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 3, 16 Cameron St	$500	3.0	1.0	1.0	05 Apr 2024
Unit 3, 16 Cameron St	$500	3.0	1.0	1.0	05 Apr 2024
Unit 11, 131 Merimbula Dr	$360	1.0	1.0	1.0	27 Mar 2024
Unit 11, 131 Merimbula Dr	$360	1.0	1.0	1.0	27 Mar 2024
Unit 1, 28 Merimbula Dr	$430	3.0	2.0	1.0	27 Mar 2024

Turnover Rate by Street (78)

Turnover rate	Street	Turnover Label	Turnover Years	Year
44.8%	Wyeebo St	very tightly held	Every 22.3 years (very tightly held)	2024
96.4%	Munn St	high turnover	Every 10.4 years (high turnover)	2024
69.2%	Bellbird Cr	quite tightly held	Every 14.4 years (quite tightly held)	2024
105.1%	Beach St	high turnover	Every 9.5 years (high turnover)	2024
111.2%	Merimbula Dr	very high turnover	Every 9.0 years (very high turnover)	2024

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
2 Imlay St	$750	3.0	2.0	3.0	03 Apr 2024
2 Imlay St	$750	3.0	2.0	3.0	03 Apr 2024
Unit 6, 42 Main St	$625	3.0	2.0	2.0	01 Apr 2024
Unit 6, 42 Main St	$625	3.0	2.0	2.0	01 Apr 2024
Unit 6, 10-12 Reid St	$695	3.0	2.0	2.0	18 Mar 2024

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
48 Sapphire Cr	Price Withheld	3.0	1.0	0.0	18 Mar 2024	On Market
48 Sapphire Cr	Price Withheld	3.0	1.0	0.0	18 Mar 2024	On Market
48 Sapphire Cr	Price Withheld	3.0	1.0	0.0	18 Mar 2024	On Market
Unit 9, 49 Monaro St	$400,000	2.0	1.0	1.0	12 Mar 2024	On Market
Unit 9, 49 Monaro St	$400,000	2.0	1.0	1.0	12 Mar 2024	On Market

Planning Applications: Dwellings (57)

Headline	Place	Date
Alterations and additions to existing dwelling and new pool - Bega Valley Shire Council 10-2024-17-1	12A Cliff St, Merimbula NSW 2548	09 Mar 2024
Demolition of existing dwelling, new dual occupancy and subdivision - Bega Valley Shire Council 10-2023-345-1	14 Tasman St, Merimbula NSW 2548	24 Feb 2024
27 Townhouses with attached garages & 24 Apartments in three storey building with basement parking. - NSW Sydney and Regional Planning Panels PPSSTH-322	520 Arthur Kaine Drive, Merimbula, NSW	12 Dec 2023
Construction of roof to enclose arcade and disability access - Bega Valley Shire Council 10-2023-216-1	46-52 Market St, Merimbula NSW 2548	14 Nov 2023
Erection of a multi-dwelling housing of Townhouses and Apartments - Bega Valley Shire Council 10-2023-247-1	520 Arthur Kaine Dr, Merimbula NSW 2548	08 Nov 2023

Planning Applications: Other (42)

Headline	Place	Date
Liquor licence transfer - with licensee consent - on premises - NSW Independent Liquor and Gaming Authority SR0001181441	Shop 6/46-52 Market St, Merimbula NSW 2548	04 Jan 2024
Liquor licence transfer - with licensee consent - small bar - NSW Independent Liquor and Gaming Authority SR0001181408	46-52 Market St, Merimbula NSW 2548	04 Jan 2024
27 Townhouses with attached garages & 24 Apartments in three storey building with basement parking. - NSW Sydney and Regional Planning Panels PPSSTH-322	520 Arthur Kaine Drive, Merimbula, NSW	12 Dec 2023
Liquor licence transfer - with licensee consent - on premises - NSW Independent Liquor and Gaming Authority SR0001168920	56 Market St, Merimbula NSW 2548	29 Nov 2023
Alts and adds to existing commercial building and shop top housing - Bega Valley Shire Council 10-2023-226-1	15 Market St, Merimbula NSW 2548	31 Oct 2023

Planning Applications: Industrial (1)

Headline	Place	Date
Installation of two factory manufactured demountable office buildings - Bega Valley Shire Council 010.2021.00001295.001	173 Arthur Kaine Dr, Merimbula, NSW 2548	08 Dec 2021

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 4, 39 Ocean Dr	$685,000	2.0	1.0	1.0	04 Apr 2024	On Market
Unit 4, 39 Ocean Dr	$685,000	2.0	1.0	1.0	04 Apr 2024	On Market
Unit 2, 8 Tern Cl	$930,000	3.0	2.0	2.0	01 Apr 2024	On Market
Unit 2, 8 Tern Cl	$930,000	3.0	2.0	2.0	01 Apr 2024	On Market
Unit 1, 67 Main St	Price Withheld	2.0	2.0	1.0	27 Mar 2024	On Market

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