Property investors who have had real estate in Meridan Plains, 4551 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.02%
Over the longer term, Meridan Plains has seen property prices show investors a 11.89% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.63% offered to property buyers. Sellers in Meridan Plains itself are offering an average vendor discount of -3.37% to real estate investors.
Residents and property investors in Meridan Plains have been waiting around 76.54 days to sell a property.
Situated 78.48km from the CBD, Meridan Plains is one of Sunshine Coast localities in the postcode 4551.
With a capital gain of -1.73% for the last 12 months, Meridan Plains, 4551 has performed for property investments than its average annual 2.85% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Meridan Plains has given property investors a paper return of 0.26%. This puts Suburb as 141 on a list of fastest fasting appreciating suburbs in QLD
Meridan Plains, 4551 is offering QLD ‘s 294th 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 QLD.
House values almost hit $530,000 over the April 2017 quarter, with over 6% growth reported during this period.Full summary
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Sun shines on houses in Sunshine Coast suburb
Median house price: $529,500
Three-year growth: 16.37%
Rental yield: 4.42%
Situated along the Sunshine Coast, the suburb of Meridan Plains is riding the wave of demand being experienced throughout the region as a result of infrastructure development.
House values almost hit $530,000 over the April 2017 quarter with over 6% growth reported during this period. Nonetheless, these properties continue to sell at low discount rates that average just 3.7% while offering a strong average yield of 4.4%, drawing investors who wish to capitalise on the Sunshine Coast’s popularity.
Part of Meridan Plains lies within the Caloundra urban centre, which is only 8km away. Residents are served by many local schools, including the Caloundra campus of the Sunshine Coast Institute of TAFE, a hospital, shopping centres and various parks. Buses make daily runs along the coast.Close