Giving property investors a an average capital gain of 7.29% for the last year, Mernda, 3754 is the 1694th highest performer in Australia in this respect.
The five-year average increase in median property values for Mernda,3754 has given property investors a potential capital gain of 4.61% across each of those five years.
The most recent median price for Mernda is $418450, with sellers offering an average of -4.00% off the asking price.
A $342.5 per week rent on the median house gives suburb investors a gross yield of circa 4.26%, without taking into account capital value appreciation, which has been averaging out at 2.93%.
At number 1597th in the list of Australian suburbs ordered by increase in median house value over the last year, Mernda, 3754 is in the BOTTOM 10% with a property value increase of -11.21% recorded in median house prices.
Over the longer term, Mernda has seen property prices show investors a -8.09% return over the last 3 years. This is worse than over the last 12 months
Mernda3754 is located in VIC which offers an average discount of -5.27% to property investors. Mernda itself is showing figures that indicate -3.48% is the average achievable by property buyers investing in the suburb.
At number 1408 in a list of fastest selling suburbs, Mernda is in the bottom 10% of suburbs in Australia with an average of days on market 137.31 for properties listed there.
With the median price for a house in Mernda being $301000 and the advertised rent reaching $282.5 the gross rental yield for property investors calculates out to be 4.88%