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 5.81%
Over the longer term, Mernda has seen property prices show investors a 15.56% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Mernda are currently offering property investors an average price cut of -3.92% below the asking price at the moment.
At number 1971 in a list of fastest selling suburbs, Mernda is just in the bottom half of suburbs in Australia with an average of days on market 82.01 for properties listed there.
With the median price for a house in Mernda being $439000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.15%
Investment property in Mernda has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.71%
Comparing Mernda,3754 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Mernda, 3754 is offering VIC ‘s 301th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
Often selling an investment property can take time, and in Mernda the average time real estate has been on the market is 96.83 days.