With a capital gain of -3.51% for the last 12 months, Mernda, 3754 has performed for property investments than its average annual 4.88% property growth over the last 5 years.
A 45.70% growth in median value for property investors in Mernda,3754 puts this suburb at number 420th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Mernda itself are offering an average vendor discount of -5.93% to real estate investors.
In the last year 331 properties changed hands in Mernda, which puts it as the 29th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Mernda being $550000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.78%
Property investors who have had real estate in Mernda, 3754 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.26%
The five-year average increase in median property values for Mernda,3754 has given property investors a potential capital gain of 12.24% across each of those five years.
At number 517 in a list of fastest selling suburbs, Mernda is in the TOP 40% of suburbs in Australia with an average of days on market 70.9412 for properties listed there.
With the median price for a house in Mernda being $385000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.73%