Property investors who have had real estate in Mernda, 3754 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.07%
Taking the average capital gain, or increase in median house value, Mernda,3754 has racked up an average of 5.07% over the period. This ranks it number 2197th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Mernda is giving property investors an average Vendor Discount of around -4.22%. This puts suburb at number 463th in VIC when ranking the most discounted suburbs.
Residents and property investors in Mernda have been waiting around 83.41 days to sell a property.
With the median price for a house in Mernda being $432900 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.20%
At number 768th in the list of Australian suburbs ordered by increase in median house value over the last year, Mernda, 3754 is in the top half with a property value increase of 3.88% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Mernda comes in at number 329th in VIC.
Our latest figures would indicate that property sellers in Mernda are currently offering property investors an average price cut of -4.15% below the asking price at the moment.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.22%, investors should hope to achieve an overall return of 4.85%