Mernda House: Median price $400,000, Annual capital growth 4.58%, Number of sales 300, Weekly median advertised rent $340.
Mernda Unit: Median price $295,000, Annual capital growth 1.00%, Number of sales 15, Weekly median advertised rent $295.
With a capital gain of 9.29% for the last 12 months, Mernda, 3754 has performed for property investments than its average annual 4.58% property growth over the last 5 years.read more
If we look at median property appreciation over just the last three months, Mernda has given property investors a paper return of 2.95%. This puts Suburb as 242 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Mernda is giving property investors an average Vendor Discount of around -4.74%. This puts suburb at number 429th in VIC when ranking the most discounted suburbs.
Mernda is 245th on a list of best yielding suburbs for rents in VIC with a 4.42% return
| Variable | House | Unit |
|---|---|---|
| Median Price | $433,000 | $341,000 |
| Quarterly Growth | 1.88% | 1.79% |
| 12-Monthly Growth | 3.10% | 4.60% |
| Average Annual Growth | 3.31% | 2.60% |
| Weekly Median Advertised Rent | $360 | $320 |
| Number of Sales | 361 | 45 |
| Gross Rental Yield | 4.32% | 4.88% |
| Days on market | 61.72 | 88.68 |
Source: Property Value by CoreLogic.
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