Real Estate Merimbula NSW 2548

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

Housing Market in Merimbula

Key Merimbula Metrics & Forecast to 2028

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

Field	Value	VS Capital Region	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$650	Top 30%	145% to Nov 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	150	Top 16%	83% to Nov 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: houses	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	37	Top 3%	208% to Nov 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
Future Population (SA2)	13500	Top 42%	54% to Dec 2041
Historical Population (SA3)	77400	Top 39%	20% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	35800	Top 30%	0% to Jan 2021
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	$504	Top 35%	178% to Nov 2024
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	62.0%	Bottom 21%	8% to Nov 2024

LGA Details (1)

Headline	Place	Datetime
Local government area	Bega Valley

Accommodation Options (109)

Headline	Place	Datetime
Admirals Lodge	4 Calendo Ct
Albacore Apartments	Market St
Albatross Holiday Units	35 Merimbula Dr
Azalea Court Apartments	36 Merimbula Dr
Baywatch Apartments	67 Main St

Realtors (10)

Headline	Place	Datetime
One Agency Dwyer Properties	Shop 13 The Plza
South Coast Strata Management Pty Ltd
Surf2Summit Mortgage Centre Pty Ltd	1/ 42 Main St
Caddey Searl & Jarman	2/ 42 Main St
Coast Real Estate	4 Merimbula Dr

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$575,000	Ocean View Ave
10 May 2024	$517,500	Ocean Dr
10 May 2024	$475,000	Sapphire Coast Dr
10 May 2024	$450,000	Short St
10 May 2024	$479,000	Calendo Ct

Businesses (50)

Name	Address
Merimbula Sand & Gravel	280 Merimbula Dr, Merimbula NSW 2548, Australia
Bryson Green Electrics	79 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
Quality Choice Building Services Pty Ltd.	Merimbula NSW 2548, Australia

Turnover Rate by Street (78)

Turnover rate	Street	Turnover Label	Turnover Years	Year
85.2%	Fishpen Rd	average turnover	Every 11.7 years (average turnover)	2024
109.7%	Merimbula Dr	very high turnover	Every 9.1 years (very high turnover)	2024
57.9%	Illawong Heights	quite tightly held	Every 17.3 years (quite tightly held)	2024
135.7%	Randolph St	very high turnover	Every 7.4 years (very high turnover)	2024
98.9%	Sapphire Coast Dr	high turnover	Every 10.1 years (high turnover)	2024

Median House Rental Prices by Street (54)

Street	Date	Median rent (per week)
Collins St	03 Oct 2024	$650
Monaro St	03 Oct 2024	$650
Main St	03 Oct 2024	$500
Beverley St	03 Oct 2024	$660
Marine Pde	03 Oct 2024	$590

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Imlay St	10 May 2024	$962,000
Tantawangalo St	10 May 2024	$970,000
Reid St	10 May 2024	$745,000
Short St	10 May 2024	$1,025,000
Wharf St	10 May 2024	$1,388,000

Planning Applications: Other (65)

Headline	Place	Date
Take away sales authorisation - small bar - NSW Independent Liquor and Gaming Authority SR0001323900	46-52 Market St, Merimbula NSW 2548	26 Oct 2024
Proposed new storage room of Carport Enclosure - Bega Valley Shire Council 10-2024-168-1	3/20 Ocean View Ave, Merimbula NSW 2548	31 Jul 2024
Self-service checkouts, reconfiguration of liquor area - Bega Valley Shire Council 18-2024-2068-1	105 Main St, Merimbula NSW 2548	02 Jul 2024
Place of Public Worship Office Premises and Meeting Room - Bega Valley Shire Council 10-2024-90-1	79-81 Main St, Merimbula NSW 2548	05 Jun 2024
Proposed new plant room with back up generator - Bega Valley Shire Council 10-2024-75-1	50-54 Main St, Merimbula NSW 2548	24 Apr 2024

Planning Applications: Dwellings (34)

Headline	Place	Date
Construction and upgrade Jetty and platform with grated deck - Bega Valley Shire Council 10-2024-157-1	10 Main St, Merimbula NSW 2548	14 Aug 2024
Use of Land for Dwelling Purposes (Installation of Moveable Dwelling) - Bega Valley Shire Council 10-2024-178-1	2 Tasman St, Merimbula NSW 2548	07 Aug 2024
Construction of a fence and stairs addition to an existing dwelling - Bega Valley Shire Council 10-2024-154-1	8 Tasman St, Merimbula NSW 2548	23 Jul 2024
Change of Use Managers residence to permanent accommodation - Bega Valley Shire Council 10-1995-1048-2	2 Fishpen Rd, Merimbula NSW 2548	01 May 2024
Construction of new pool, deck, fences and retaining walls - Bega Valley Shire Council 10-2024-71-1	11 Tantawangalo St, Merimbula NSW 2548	18 Apr 2024

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

Percent of Renters by Street (83)

Percent of Renters	Street
11.1%	Alice St
32.0%	Apoona St
3.1%	Arthur Kaine Dr
8.3%	Beach St
69.7%	Bellbird Cr

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
16 Lakeview Ave	$1,725,000	4.0	3.0	1.0	14 Nov 2024	On Market
41 Sapphire Cr	$845,000	4.0	1.0	1.0	30 Oct 2024	On Market
24 Sapphire Cr	$720,000	3.0	2.0	1.0	29 Oct 2024	On Market
59 Monaro St	Price Withheld	3.0	2.0	2.0	02 Oct 2024	On Market
90 Merimbula Dr	$860,000	4.0	2.0	2.0	01 Oct 2024	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 6, 30 Fishpen Rd	$670	3	1	1	14 Nov 2024
Unit 6, 30 Fishpen Rd	$670	3	1	1	14 Nov 2024
Unit 6, 30 Fishpen Rd	$670	3	1	1	14 Nov 2024
24 Collins St	$700	3	2	2	08 Nov 2024
24 Collins St	Price Withheld	3	2	2	08 Nov 2024

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 7, 7 Monaro St	Price Withheld	2.0	1.0	2.0	12 Nov 2024	On Market
Unit 7, 7 Monaro St	Price Withheld	2.0	1.0	2.0	12 Nov 2024	On Market
Unit 7, 7 Monaro St	Price Withheld	2.0	1.0	2.0	12 Nov 2024	On Market
Unit 7, 7 Monaro St	Price Withheld	2.0	1.0	2.0	12 Nov 2024	On Market
Unit 7, 7 Monaro St	Price Withheld	2.0	1.0	2.0	12 Nov 2024	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 4, 3 Short St	$500	2.0	1.0	1.0	08 Nov 2024
Unit 4, 3 Short St	$500	2.0	1.0	1.0	08 Nov 2024
Unit 4, 3 Short St	$500	2.0	1.0	1.0	08 Nov 2024
Unit 4, 3 Short St	$500	2.0	1.0	1.0	08 Nov 2024
Unit 4, 3 Short St	$500	2.0	1.0	1.0	08 Nov 2024

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