Property investors who have had real estate in Mernda, 3754 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.40%
Across a shorter period, Mernda, 3754 has seen a median price increase of -1.79% over the last quarter.
At number 369th of VIC’s most discounted properties, Mernda is in the TOP 40% of the state/territory when listing in order of most discounted to least.
At number 555 in a list of fastest selling suburbs, Mernda is in the TOP 20% of suburbs in Australia with an average of days on market 55.3593 for properties listed there.
Mernda, 3754’s gross rental yield is 3.73%
Over the last year, property investments in Mernda, 3754 have given investors a capital gain of -0.93%. This compares averagely with the 0.68% for VIC as a whole.
The five-year average increase in median property values for Mernda,3754 has given property investors a potential capital gain of 20.65% across each of those five years.
With the median price for a house in Mernda being $374000 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 4.80%