QLD has seen average median house prices change by 2.40% which means that Meringandan West, 4352 has done well for property investors by showing a capital gain of 0.00% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Meringandan West has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Meringandan West itself are offering an average vendor discount of -6.42% to real estate investors.
In the last year 54 properties changed hands in Meringandan West, which puts it as the 417th most active market in QLD when comparing the number of sales per suburb.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.94%, without taking into account capital value appreciation, which has been averaging out at 3.63%.