Mernda has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.76% to date .
Comparing Mernda,3754 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Mernda 3754 should be seeing an average reduction in asking price of around -3.89% . This means that Mernda is holding prices well when compared to other suburbs in VIC.
In the last year 324 properties changed hands in Mernda, which puts it as the 50th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $349 mark per week – giving a return of 4.27% based on the median price in Suburb
With a capital gain of 3.93% for the last 12 months, Mernda, 3754 has performed for property investments than its average annual 1.37% property growth over the last 5 years.
Mernda,3754 has offered an average of 3.93% return per annum in house price rises to property investors over the last three years.
The most recent median price for Mernda is $304000, with sellers offering an average of -4.06% off the asking price.
At number 1410 in a list of fastest selling suburbs, Mernda is in the bottom 10% of suburbs in Australia with an average of days on market 138.41 for properties listed there.
Situated 23.16km from the CBD, Mernda is one of Whittlesea localities in the postcode 3754.