Mernda has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.91% to date .
Taking the average capital gain, or increase in median house value, Mernda,3754 has racked up an average of 22.91% over the period. This ranks it number 921th in the whole country for real estate investors looking at median house price increases.
Mernda3754 is located in VIC which offers an average discount of -5.00% to property investors. Mernda itself is showing figures that indicate -3.34% is the average achievable by property buyers investing in the suburb.
Situated 26.07km from the CBD, Mernda is one of Whittlesea localities in the postcode 3754.
With a capital gain of 6.25% for the last 12 months, Mernda, 3754 has performed for property investments than its average annual 2.76% property growth over the last 5 years.
Over the longer term, Mernda has seen property prices show investors a 3.06% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Mernda are currently offering property investors an average price cut of -3.05% below the asking price at the moment.
With the median price for a house in Mernda being $340000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.89%