VIC has seen average median house prices change by 8.06% which means that Mernda, 3754 has done well for property investors by showing a capital gain of 5.13% over the last year
A 8.86% growth in median value for property investors in Mernda,3754 puts this suburb at number 431th in terms of best performing suburbs in VIC
Vendor discounting in Mernda is giving property investors an average Vendor Discount of around -3.79%. This puts suburb at number 522th in VIC when ranking the most discounted suburbs.
At number 2014 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 84.5 for properties listed there.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.05%, investors should hope to achieve an overall return of 4.23%
Mernda is in the bottom 20% in VIC when comparing median price capital growth over the last year. Mernda gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.44%.
When looking at the potential capital gains offered to property investors over the last 3 years, Mernda comes in at number 347th in VIC.
Property investors looking for a bargain in Mernda should be aiming for at least -4.31% off the asking price, which is the average vendor discount being achieved at the moment.
Mernda is 71th on a list of best yielding suburbs for rents in VIC with a 5.10% return