Mernda is an average performer in VIC when comparing median price capital growth over the last year. Mernda gave property investors a average capital gain figure when compared to the rest of the state, with 10.61%.
Across a shorter period, Mernda, 3754 has seen a median price increase of 4.28% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Mernda is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 442th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
Investment property in Mernda has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.26%
A 8.47% growth in median value for property investors in Mernda,3754 puts this suburb at number 140th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Mernda should be aiming for at least -3.08% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Mernda have been waiting around 96.64 days to sell a property.
Mernda is 73th on a list of best yielding suburbs for rents in VIC with a 4.96% return