Property in Merewether
Our expert property buyers' have many years of proven success in locating off-market opportunities and suitable listed properties, including investment, commercial and prestige properties throughout Australia's eastern seaboard. Team up with PropertyBuyer to super-charge your property investment portfolio or secure your dream home. Our licensed buyers' agents will work from your property brief to search for Merewether property and conduct purchasing price negotiations to save your the time, money and stress of doing it alone.
Our Award-Winning buyers' agents can help you secure the following:
- Property for Overseas Buyers or Expats in Merewether
- Real Estate for Home Buyers in Merewether
- Investment Property in Merewether
- Commercial Property in Merewether
- Prestige Property & Luxury Real-Estate in Merewether
To engage one of our Buyers' Agents' to help you find and secure a property in Merewether, book your free consultation today.
Where is Merewether Located?
Merewether is a beautiful beachside suburb of Newcastle and located 3km from Newcastle’s Central Business District with a population of around 11,000. The suburb stretches 3 km from Merewether Beach in the east to Adamstown in the west.
What Housing Types are Predominant in Merewether?
Federation Period homes are popular and there is a wide mix of housing styles with new Architectural homes & town homes dotted through the suburb along with a variety of older & newer townhouses & apartments providing a wide mix of housing types for all age groups. 57% are Houses, 13% semi-detached, 20% units, other/commercial 10%
Age mix for the suburb is 0 to 29yo is 40%, 30 to 49yo is 26%, 50 & above is 32% so is a very attractive suburb for all age groups
What Attracts Home Buyers and Investors to Merewether?
If any suburb characterises the Sea Change, and the transformation of Newcastle, it is Merewether.
Once a working class, mining village, Merewether is now blue-chip real estate and has become arguably the region’s most sought-after residential suburb.
It is located approximately three kilometres from Newcastle’s CBD and is bordered by pristine beaches, Bar Beach, The Junction, Adamstown and Merewether Heights.
According to Residex, Merewether experienced market growth of around 31 per cent from August 2016 to August 2018. While dropping back marginally in 2019 by 1.2% it is predicted to have an annual growth rate of 8% to 10%pa over the next 8 years.
Locals have always known how good Merewether beach is and in 2018 it had the honour of being named “best city beach” in Australia. The new Bathers Way walk that runs from Merewether Beach past Dixon Park to Bar Beach continuing to Newcastle Beach & Nobbys Beach is thriving with activity day & night & the area has a great energy about it.
Highly regarded schools, proximity to The Junction Shopping Village, cafes, restaurants and bars makes this laid-back suburb very popular.
Merewether includes some of Newcastle’s most famous beaches, including Dixon Park beach, Merewether beach and the more isolated Burwood beach, which leads to Glenrock Lagoon.
It also features the iconic Merewether Ocean Baths, the largest ocean baths in the Southern Hemisphere, Merewether Surf Life Saving Club, the Hunter’s oldest lifesaving club, and the Merewether Surfboard Club, the most successful board riders club in Australia.
The suburb is also home to four-time world champion Mark Richards, one of several world-class surfers to have honed their skills at the Merewether break.
Merewether, once serviced by tramways to the city and today by buses, has excellent road connections to all sections of Newcastle. Its oldest mansion is Hillcrest, originally home to the Merewether family.
Only 33% of properties in Merewether are rented so owner occupied dominated, hence good rental properties tend to lease quickly.
Restaurants, Shops and Entertainment in Merewether
Llewellyn Street is home to a number of mixed businesses, a post office and Souths Leagues club. Parts of Merewether also have easy access to The Junction commercial area with Boutique shops, café’s, restaurants and Banks plus a shopping mall including a Coles Supermarket. The ‘Surf house’ right down on Merewether Beach is very popular for dining & entertainment as is the famous Beaches Hotel along with The Burwood Hotel & The Junction Hotel nearby
Sports, Fitness and Health in Merewether
Merewether has a number of local parks, including Dixon Park near the beach, Empire Park, Mitchell Park, Campbell Park and Charlotte Street Reserve. Some of these parks include barbecue facilities and playground equipment. Merewether Golf Course is located on the border of Adamstown and there is a quality sports ground Townsend Oval popular for Cricket & Rugby which currently has a new small stadium/covered seating area being constructed. The area is also home to parts of picturesque Glenrock State Recreation Park, which provides walking trails and picnic facilities and as noted Bathers Way Walk is a popular walk, ride or running trail looking over the ocean and of course surfing is very popular as is kite surfing here along with the huge renewed Merewether Baths a popular drawcard for families & all ages.
Schools and Education in Merewether
Merewether Public School is on Glebe Road and Merewether Heights Primary is located on Scenic Drive. St Joseph's Primary School is in the Junction and the Holy Family Primary School is located near Merewether Beach. Newcastle Grammar School on Union Street is also located in the neighbouring suburb.
What can my money buy in Merewether?
House prices showed more resilience in Merewether during the slowdown in Sydney. Largely due to limited supply of houses, lifestyle amenities, affordability & its central & convenient location and access to schools, and it is still very much in demand. Residex notes Only 0.65% of houses in the suburb are currently on the market with an average time of 43 x days on the market and Growth has been consistently healthy for houses averaging at 6.5% p.a for the last 10 x years.
Residex notes the median house price now sits at around $1.32m, although sales prices do vary dramatically depending on features and land/property size. Around $1.2m to $1.6m will buy you a 3 - 4 bedroom home, often renovated on btw 400m2 to 700m2 with parking. For example, a three-bedroom, 2 x bathroom freestanding fully renovated Federation home with garaging for up to 4 x cars on over 650sqm recently sold for around $1.48m but the suburb also has many excellent value for money homes & a 2 bed unrenovated Federation style brick home on 338m2 recently sold for $900,000 with also high end homes available with a near new Architect style Freestanding home with plunge pool 500m to the beach selling for $1.7m.
Growth has also been consistently healthy showing 5.6% p.a for the last 10 x years for units and median unit price now sits at around $600,000 & some recent sales have ranged from $382,500 for a 1 bed unit to $455,000 to $650,000 for 2 bedroom units.
Buyers' Agent for Merewether
To get a buyers’ agent / advocate on your side searching for a property in Merewether, please call us on 1300 655 615, email us, or send us your buyers wishlist today by clicking here. If you would like to know the latest median values and statistics for Merewether, call us today on 1300 655 615.
Frequently asked questions
Why do I need a buyers’ agent?
You will save yourself money, time and stress when you engage a professional buyers’ agent to help you with your next investment property purchase. You will be empowered with the knowledge you need to make an informed decision about the value of a property without all of the sales “hype” often associated with property purchases – we protect you from making an emotional decision. You will have the benefit of our extensive research and analysis into past sales and comparable market data and will be protected from paying too much. You may also gain access to properties not yet advertised, otherwise known as “silent listings”.
Investors will gain access to our wide network of excellent investment opportunities and also get the inside knowledge of the best areas to invest. As property investors ourselves we understand the strict criteria required to buy high performing properties.
Our testimonials describe the ways we have been able to add value to our many clients. Most of our increasing client base stems from glowing referrals given by clients who have been impressed with the value and service we provide.
Does a buyers’ agent need to have a real estate background?
Yes. Rich Harvey, Director of Propertybuyer and his team have the expertise, knowledge and real estate background to deliver what they promise – many of the team are ex-real estate agents that have switched sides. Rich is a property investor himself, with a Masters in Economics, a Diploma of Property and is a Licensed Real Estate Buyers’ Agent. He is also a Member of the Real Estate Institute of New South Wales. If you are looking for a buyers’ agent team with exceptional qualifications and over 60 years combined experience, that understands property investment analysis, market trends, and can think creatively and intuitively, then the Propertybuyer team is your smart choice. Read our testimonials and you will be impressed by the results – not only with investors,
but also home buyers and corporate clients.
Is A Buyers’ Agent worth the money?
Yes! We regularly save clients far more than the fee we charge, through our understanding of the property market and our skilled negotiation techniques. We offer a fixed fee service. The advantage of the fixed fee structure is that you only pay the same fee regardless of the price of the property. There are three key areas you will get great value for money by engaging Propertybuyer:
1. Saving Time:
- Reduce the time spent searching – You will need to look at between 50 to 100 properties to get a true understanding of the market.
- Most buyers take between 6 to 12 months (or more) to buy – we can cut down the process to under 60 days
- Lost leisure and family time due to searching and attending inspections on weekends
- Time wasted at work calling real estate agents
- The time it takes you to get full market knowledge
2. Saving Money:
- Don’t risk making an emotional decision and pay too much
- Negotiating is an art – we know the tricks of the trade to secure a property at the lowest possible price
- Leverage your knowledge by tapping into ours
- Get a professional evaluation done so you have confidence to pay the right price
3. Saving Stress:
- Remove the stress and pressure of dealing with real estate agents in your search
- Get the upper hand with a buyers agent by your side
- Buy with confidence knowing you are getting totally independent advice
- Remove the frustration of being constantly outbid at auction
A buyers’ agent can save you a packet of money if they are experienced, knowledgeable and have your best interests at heart. They can take the emotion out of the negotiation and auction process and give you accurate advice on property values. They should have an extensive database of agent contacts to help you find off-market properties.
How Do I find A Buyers’ Agent?
Apart from searching online, ask a local selling agent if they have seen a good buyers agent in action. You can also ask family, friends and work colleagues about their experience with using buyers agents.
An important question to ask a buyers agent is whether they are truly “exclusive” or “independent”. If they accept sales commission from vendors or developers then they cannot be classified as “independent” as they are acting in the interests of the seller. Only deal with a licensed buyers agent (you can check license via the Office of Fair Trading in each state) and one that is a recognised member of your state Real Estate Institute and the Real Estate Buyers Agents Association of Australia.
There are seven factors to consider when selecting a good buyers agent.
- Industry experience - ask how long the buyers agent has been operating?
- Market coverage - what geographic specialisation do they have?
- Results oriented - ask about case studies and testimonials from past clients - what have they achieved?
- Network and contacts - can your buyers agent access off market properties easily?
- Research system - ask what due diligence and research systems they have in place to evaluate properties and provide real time market insights.
- Credentials - check licencing, qualifications and affiliations and if they have won awards.
- Cost - confirm the fee structure and check they don’t get kickbacks from agents.
Is it affordable to use a buyers’ agent?
Yes. We typically save our clients far more than our fee in the transaction by negotiating well. We assist property buyers of all budgets, saving you money by doing extensive research and analysis, looking at comparable sales and market data, and by negotiating hard to secure the best price, terms and
conditions possible. You will make an informed choice and will be confident that you have bought well, whatever your budget. It’s a small investment to make when you consider the savings you will make on your property purchase!
Are buyers’ agents fees tax deductible?
If you are purchasing a property for investment purposes, the cost of using a buyers’ agent is generally tax deductible (forms part of the acquisition or “cost base”). Check with your accountant to see if the fee would be tax deductible in your case. Unfortunately
you cannot claim the fee as a tax deduction if the property is purchased to live in.
Do you offer any guarantees with your service?
Propertybuyer is currently the most awarded Buyers Agency in Australia, and this public scrutiny is an unbiased testament to our integrity, value and quality of service.
We guarantee not to waste your valuable time sourcing inappropriate properties. We will deflect all the stress and detail and save you months of endless searching. We will spend time with you up front so that we clearly understand your needs and will target the search based on agreed preferences. With our help, you will save time, money and stress on your next property purchase. You will gain access to more properties, be better informed about comparable sales, the true value of a property and capital growth projections for the area, and you will make a more informed decision. When you decide on the right property, we will negotiate for you so you will be able to make a rational decision about price without the stress and pressure of dealing with real estate agents or having to negotiate.
Do you have professional indemnity insurance?
We have professional indemnity insurance to $4 million.
What is the process and how long will it take?
Our average turnaround time for investors is around 30 days and for home buyers between 40 to 65 days. After the initial meeting, where our services are further explained, questions are answered and your “buyers brief” is established, an engagement fee is paid (this amount varies according to the service you choose). Once your finance is pre-approved, the engagement fee is paid, and you are ready to buy, the search begins. We conduct thorough research and then present you with a shortlist of properties. The decision to buy is then yours.
If I engage the services of propertybuyer, will you guarantee to find me a property?
Yes – as long as your buyers brief is realistic. We guarantee to give you personal and professional service and a detailed analysis on each property we evaluate, based on your specific criteria. At our initial meeting, we will listen carefully to find out your exact requirements. We will advise you before you engage us if your property brief is unrealistic. You will also need to have your finances ready or be pre-approved for a loan before the search can begin. Once these have been established, the search can take as little as a week (up to an average of about 4-6 weeks) depending on your wishlist and the market conditions.
We work with you in partnership to help you achieve your goals quickly and efficiently. You may cancel the agreement with notice in writing.
What happens if I change my mind on an area or a type of property once I engage you? Do I have to pay another engagement fee?
We will always be working in your best interests and realise
that your ideas about the type of property you want may change. When we meet initially to discuss your “buyers brief”, we will work hard to ensure that your wishlist is achievable and also realistic, so the likelihood of changing your mind is reduced. However, if you change the initial brief significantly, there may be a review of the fee, and an additional fee would be charged to cover the time already spent searching. We will work with you to make sure you are completely happy with your next property purchase, even if you change your mind.
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