At number 899th in the list of Australian suburbs ordered by increase in median house value over the last year, Mernda, 3754 is in the top 30% with a property value increase of 8.93% recorded in median house prices.
While Mernda,3754 ranked number 375th in VIC for increase in median house value (annualised) increase, it is ranked 265th over the last 5 years.
Sellers are offering property buyers an average discount of -5.01% to buyers in Mernda at the moment, which is less than average for the rest of VIC.
With the median price for a house in Mernda being $573500 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.54%
Mernda has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.44% to date .
Mernda,3754 has offered an average of 15.44% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
With the median price for a house in Mernda being $392500 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 4.44%