Investment property in Meridan Plains has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.55%
Across a shorter period, Meridan Plains, 4551 has seen a median price increase of 3.14% over the last quarter.
Property investors looking for a bargain in Meridan Plains should be aiming for at least -3.29% off the asking price, which is the average vendor discount being achieved at the moment.
Meridan Plains, 4551 ranked 151th in QLD when comparing growth in median property values or capital gain over the last 12 months. Meridan Plains is one of 2415 in our list for QLD
Meridan Plains,4551 was ranked 392 in Australia by increase in median property value over the quarter.
In the last year 25 properties changed hands in Meridan Plains, which puts it as the 275th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 5.39% based on the median price in Suburb
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