Merewether (2291) median house price & property market
In Merewether (2291), the median house price is $2,075,000 and the median unit price is $970,000. Prices have grown 3.5% a year over the last five years. Below: price history, sales volume, listing age and demographics for Merewether, in the Newcastle LGA — built on NSW Valuer General bulk sales data and SQM Research listings.
Data updated 2026-10-19.
Quarterly medians from NSW Valuer General sales. Latest point is the trailing 12-month median, as in the terminal.
Merewether median house and unit prices
- Median house price
- $2,075,000 (143 sales)
- Median unit price
- $970,000 (92 sales)
- Median all dwellings
- $1,600,000 (235 sales)
Merewether price growth (CAGR)
- 1-year CAGR
- 2.4%
- 3-year CAGR
- 2.2%
- 5-year CAGR
- 3.5%
- 10-year CAGR
- 7.0%
Merewether market activity
- Annual sales (last 12mo)
- 235
- Annual sales (5y avg)
- 239
- Median listing age
- 29 days
Merewether demographics & location
- Population (ABS 2021)
- 11,788
- Population growth 2016-21
- 8.7%
- Median age
- 39
- Median weekly household income
- $2,287
- Median weekly rent
- $420
- Owner-occupier
- 49%
- Rented
- 51%
- Dwelling mix (house / townhouse / unit)
- 56% / 20% / 24%
- SEIFA decile (10 = highest)
- 10
- Distance to Sydney CBD
- 113.8 km
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Frequently asked
What is the median house price in Merewether?
The median house price in Merewether 2291 is $2,075,000, the median of 143 NSW Valuer General house sales in the 12 months to August 2026.
What is the median unit price in Merewether?
The median unit price in Merewether 2291 is $970,000, the median of 92 unit sales in the 12 months to August 2026.
How much has property grown in Merewether over 5 years?
Compound annual growth (CAGR) for Merewether over the last 5 years is 3.5%.
How many properties sell in Merewether per year?
Around 235 properties sold in Merewether 2291 in the last 12 months.
What is the population of Merewether?
Merewether 2291 has a population of 11,788 (ABS Census 2021).
How long do properties take to sell in Merewether?
The median listing age (a proxy for days on market) in Merewether 2291 is approximately 29 days, from SQM Research listings data.
Methodology
Medians computed from NSW Valuer General bulk sales data using nearest-month estimation with 3-month smoothing and 3× outlier rejection. CAGRs computed from trailing 12-month medians at each anchor point. The trailing 1–3 months of data are filtered when sale counts fall below typical volumes (settlement-lag handling). Listing age is derived from SQM Research bucketed listing-age data using midpoint medians. Demographics: ABS Census 2021. SEIFA: ABS SEIFA 2021. Full methodology →