Mernda is an average performer in VIC when comparing median price capital growth over the last year. Mernda gave property investors a average capital gain figure when compared to the rest of the state, with -4.60%.
A 48.44% growth in median value for property investors in Mernda,3754 puts this suburb at number 534th in terms of best performing suburbs in VIC
Property buyers and investors in Mernda 3754 should be seeing an average reduction in asking price of around -6.37% . This means that Mernda is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Mernda the average time real estate has been on the market is 55.9774 days.
With the median price for a house in Mernda being $549500 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.74%
With a capital gain of -0.93% for the last 12 months, Mernda, 3754 has performed for property investments than its average annual 3.61% property growth over the last 5 years.
Mernda,3754 has offered an average of -0.93% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.61%, investors should hope to achieve an overall return of 4.73%