Merimbula, NSW
OVERVALUED7,602 sales · 36 years of data · NSW, Australia
Merimbula, NSW Property Market Overview
Merimbula, NSW, postcode 2548, is a coastal town on the Sapphire Coast of New South Wales, offering a mix of residential and holiday properties. The Merimbula property market is well-established, with a substantial history of 36 years of recorded sales data. Over this period, 7,602 property sales have been recorded, providing a comprehensive view of the suburb's market activity.
Currently, the median property price in Merimbula across all property types stands at $665,000. Houses command a higher median price of $907,500, while apartments are more affordable at $495,000. These figures reflect the diverse range of housing options available in Merimbula, catering to various budgets and lifestyle preferences. Merimbula is known for its pristine beaches, relaxed lifestyle, and strong tourism sector, all of which contribute to its property market dynamics.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Merimbula
Top streets in Merimbula, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Lake St | $1,800,000 |
| 2 | Mulloway Cct | $890,000 |
| 3 | Monaro St | $870,000 |
| 4 | Sapphire Cres | $840,000 |
... and 131 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Mulloway Cct | $1,250/m² |
| 2 | Lakewood Dr | $1,343/m² |
| 3 | Lake St | $1,724/m² |
| 4 | Robin Cl | $2,122/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Cameron St | +11.4% |
| 2 | Kyeamba St | +10.5% |
| 3 | Hill St | +9.6% |
| 4 | Short St | +11.6% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 9 Kowara Cres | $665,000 |
... and 28 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Merimbula analysis
135 streets and 32 buildings to explore
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Merimbula at a Glance
Merimbula, NSW
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Local Amenities
Living in Merimbula, NSW
Living in Merimbula offers a relaxed coastal lifestyle with access to stunning beaches, waterways, and natural beauty. The town is known for its friendly community and laid-back atmosphere. Merimbula is a popular tourist destination, particularly during the summer months, which contributes to its vibrant local economy.
Families are drawn to Merimbula for its excellent schools, including Merimbula Public School and Eden Marine High School. The town boasts several parks and recreational areas, such as Spencer Park and Ford Park, providing ample opportunities for outdoor activities. While Merimbula doesn't have a train station, it is well-serviced by buses and is located near Merimbula Airport, offering convenient transport options. Shopping needs are catered for by Merimbula Plaza and various local shops and cafes along Market Street and Main Street.
The vibe of Merimbula is decidedly relaxed, with a strong emphasis on outdoor living and community engagement. The town hosts various events and festivals throughout the year, fostering a sense of belonging among residents.
Who Buys in Merimbula?
Merimbula attracts a diverse range of buyers, including families, retirees, and holidaymakers. The presence of schools and parks makes it an appealing location for families seeking a coastal lifestyle. The relatively high median house price of $907,500 suggests that families often seek larger properties.
The apartment market, with a median price of $495,000 and a strata percentage of 39.8%, appeals to first home buyers, downsizers, and investors. The historical CAGR of 6.6% over the past 10 years may attract investors looking for long-term capital growth. The town's popularity as a tourist destination also makes it attractive to those seeking holiday homes or investment properties to rent out.
Market Analysis
The Merimbula property market, as of early 2026, is currently positioned above its long-term trend, indicating that it is in overvalued territory according to our analysis. This means that current property prices in Merimbula are higher than what historical trends would suggest.
This cycle position suggests that potential buyers should exercise caution and conduct thorough due diligence before making any property decisions in Merimbula. While the market has experienced significant growth in the past, being in overvalued territory highlights the importance of understanding the potential risks involved. The market cycle is constantly evolving, and it's important to monitor trends closely. Fluctuations in interest rates, economic conditions, and local development can all affect the market's position.
Is Merimbula a Good Investment?
The Merimbula property market has demonstrated consistent growth over the long term, as evidenced by its full-period CAGR of 4.6%. While past performance is not indicative of future results, this historical trend suggests that Merimbula has the potential to provide solid returns over time. The 10-year CAGR of 6.6% further highlights the recent strength of the market.
Currently, the Merimbula market is positioned above its long-term trend, indicating that it is in overvalued territory. This means that property prices are higher than what historical trends would suggest. Factors driving property values in Merimbula include its desirable coastal location, strong tourism sector, and limited land availability. The town's popularity as a holiday destination and its relaxed lifestyle contribute to its appeal as a place to live and invest. However, it's vital to conduct thorough due diligence before making any property decisions.
Merimbula Market Outlook
As of early 2026, the Merimbula property market is currently above its long-term trend. Recent price trends have reflected the overall market cycle, with prices having increased over the past few years. However, it's essential to acknowledge that being in overvalued territory means that the market may be vulnerable to potential corrections.
The future performance of the Merimbula property market will depend on various factors, including interest rates, economic conditions, and local development projects. Monitoring these factors closely is crucial for anyone considering buying or selling property in Merimbula.
Streets & Location in Merimbula, NSW
Merimbula is located on the beautiful Sapphire Coast, renowned for its stunning beaches and natural environment. The suburb's property market is influenced by its desirable location and proximity to the ocean. Notable streets within Merimbula, based on median property prices, include MERIMBULA DR, MULLOWAY CCT, and LAKE ST.
The postcode for Merimbula is 2548, which covers a diverse range of properties from beachfront homes to apartments in the town centre. The suburb comprises a total of 135 streets, each contributing to the unique character of Merimbula's real estate landscape.
Market Dynamics
Property transactions in Merimbula typically settle within an average of 48 days. This timeframe reflects the efficiency of the local market and the processes involved in transferring property ownership. The quick-flip percentage is currently not available, indicating that the rapid turnover of properties is not a significant feature of the Merimbula market.
Understanding these transaction patterns is crucial for both buyers and sellers in Merimbula. Settlement timeframes can influence decision-making processes and impact the overall market dynamics.
Development & Density
Merimbula has a mix of housing types, ranging from detached houses to apartment complexes. The suburb features 32 apartment buildings, reflecting a moderate level of development density. This mix of housing options caters to different lifestyle preferences and affordability levels.
The high proportion of houses compared to apartments suggests that Merimbula retains a more suburban character. However, the presence of apartment buildings indicates a trend towards increased density in certain areas, particularly around the town centre and beachfront locations. The strata percentage of 39.8% also shows a significant portion of properties in Merimbula are apartments, reflecting a mix of housing options.
Growth & Property Mix
Historically, Merimbula has demonstrated solid growth in property values. Over the past 10 years, the suburb has experienced a compound annual growth rate (CAGR) of 6.6%. Looking further back, the 20-year CAGR stands at 3.1%, while the full-period CAGR, spanning the entire 36 years of recorded data, is 4.6%.
The property mix in Merimbula includes a significant proportion of apartments, with strata title properties accounting for 39.8% of the market. This indicates a blend of housing options, appealing to both owner-occupiers and investors seeking diverse property types.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.