Merewether Heights Suburb Profile
2023 Suburb Profile: Merewether Heights NSW 2291
Merewether Heights is an upscale coastal suburb located in the city of Newcastle. Situated on elevated land, the suburb offers stunning views of the Pacific Ocean and provides a peaceful and prestigious lifestyle for its residents. With its proximity to beautiful beaches, quality schools, and a range of amenities, Merewether Heights is a highly sought-after location for families, professionals, and individuals seeking a beachside haven with easy access to city conveniences.
Merewether Heights Property Market Guide
Property Types: The real estate market in Merewether Heights is characterized by a mix of modern luxury family homes, upscale residences and renovated classic properties, offering a diverse range of housing options. The average land size is between 500-600m2 in Merewether Heights, giving the home-owners a sense of space. This has caused the suburb to become a highly desirable family-friendly location with close proximity to the city.
Median Property value:
Merewether Heights boasts a premium property market, with a median residential property value of approximately $1.5 million. The suburb's elevated position and ocean views contribute to its high property demand and value.
Rental Prices:
Due to its desirability, premium status and limited availability of rental properties, the median rental price in Merewether Heights is around $850 per week. Rental opportunities in this exclusive suburb are highly sought after, attracting discerning tenants looking for a high-quality coastal lifestyle.
Future Growth Prospects:
Merewether Heights is set to experience continued consistent growth and demand in the future. Its idyllic coastal location, combined with its proximity to Newcastle's CBD, makes it an attractive investment option. The limited supply of available properties in the area may also contribute to potential capital appreciation over time.
Schools
Families in Merewether Heights have access to several reputable educational institutions, providing quality education for children. Some of the prominent schools in the area include:
Distance to CBD and Closest Beach:
Merewether Heights is situated approximately 7 kilometres southwest of Newcastle's CBD, making it a convenient commute for residents working in the city. The suburb is only 3km from Merewether Beach renowned for its surf, golden sand, and vibrant beach culture.
Local Cafes, Bars, and Restaurants
Residents of Merewether Heights can enjoy a range of dining and entertainment options in the surrounding area. Some popular local establishments include:
Public Spaces
While Merewether Heights is primarily a residential suburb, it offers access to various nearby public spaces and parks for recreational activities and leisure. Some of the public spaces in the vicinity include:
Merewether Heights is a prestigious coastal suburb known for its stunning ocean views, high-end properties, and proximity to the beach. Its strong sense of community, excellent schools, and access to various amenities make it an attractive choice for those seeking a luxurious coastal lifestyle within easy reach of the city.
It's important to note that real estate market conditions can change over time, so it's advisable to consult with local real estate professionals or do further research for the most up-to-date information. You can contact us here if you have any questions specific to the Merewether Heights market.
