VIC has seen average median house prices change by 7.68% which means that Mernda, 3754 has done well for property investors by showing a capital gain of 6.16% over the last year
Across a shorter period, Mernda, 3754 has seen a median price increase of 1.19% over the last quarter.
Property investors looking for a bargain in Mernda should be aiming for at least -3.87% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2049 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 86.1 for properties listed there.
Advertised rents are around the $350 mark per week – giving a return of 4.23% based on the median price in Suburb
Property value increases in Mernda have tracked just lower than the VIC average of 3.19% over the last 12 months.
Mernda,3754 was ranked 1098 in Australia by increase in median property value over the quarter.
Property buyers and investors in Mernda 3754 should be seeing an average reduction in asking price of around -4.31% . This means that Mernda is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Renters in Suburb are facing rents around $3300 per annum or $275 every week.