Over the last year, property investments in Meringandan West, 4352 have given investors a capital gain of 7.00%. This compares favourably with the 2.98% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Meringandan West has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Meringandan West is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 669th in terms of most discounted suburbs in QLD
In the last year 52 properties changed hands in Meringandan West, which puts it as the 428th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Meringandan West being $420500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.95%