Property value increases in Mernda have tracked just lower than the VIC average of 22.78% over the last 12 months.
If we look at median property appreciation over just the last three months, Mernda has given property investors a paper return of 13.85%. This puts Suburb as 122 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Mernda are currently offering property investors an average price cut of -4.04% below the asking price at the moment.
Mernda is 658th on a list of best yielding suburbs for rents in VIC with a 0.00% return
Giving property investors a a solid capital gain of 61.31% for the last year, Mernda, 3754 is the 2nd highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mernda has increased when compared to the 5 year average annual rate.
Vendor discounting in Mernda is giving property investors an average Vendor Discount of around -4.21%. This puts suburb at number 86th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Mernda the average time real estate has been on the market is 39.9231 days.
Situated 26.86km from the CBD, Mernda is one of Whittlesea (C) localities in the postcode 3754.