Property value increases in Merbein have tracked lower than the VIC average of 8.27% over the last 12 months.
A 14.48% growth in median value for property investors in Merbein,3505 puts this suburb at number 580th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Merbein itself are offering an average vendor discount of -11.47% to real estate investors.
In the last year 52 properties changed hands in Merbein, which puts it as the 418th most active market in VIC when comparing the number of sales per suburb.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 7.65%, without taking into account capital value appreciation, which has been averaging out at 1.24%.