If you compare the increase in value of investment property in Meridan Plains, 4551 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.07%.
If we look at median property appreciation over just the last three months, Meridan Plains has given property investors a paper return of 0.10%. This puts Suburb as 469 on a list of fastest fasting appreciating suburbs in QLD
Sellers are offering property buyers an average discount of -3.43% to buyers in Meridan Plains at the moment, which is less than average for the rest of QLD.
Meridan Plains, 4551’s gross rental yield is 4.68%
At number 1377th in the list of Australian suburbs ordered by increase in median house value over the last year, Meridan Plains, 4551 is in the BOTTOM 30% with a property value increase of -3.56% recorded in median house prices.
Meridan Plains, 4551’s gross rental yield is 5.29%
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