If you compare the increase in value of investment property in Merriwa, 6030 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -5.75%.
If we look at median property appreciation over just the last three months, Merriwa has given property investors a paper return of -3.10%. This puts Suburb as 335 on a list of fastest fasting appreciating suburbs in WA
Our latest figures would indicate that property sellers in Merriwa are currently offering property investors an average price cut of -6.95% below the asking price at the moment.
Often selling an investment property can take time, and in Merriwa the average time real estate has been on the market is 95.7 days.
With the median price for a house in Merriwa being $344000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 4.99%