Meringandan

POSTAL CODE: QLD, 4352

HOUSE

Property investors have seen a 2.29% gain in MERINGANDAN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MERINGANDAN, 4352 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 19.25%.

Based on its average 5-year and quarterly capital gains MERINGANDAN, 4352 saw average growth in the long term.

The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $879,500

Profits averaged 15.67% per annum over a 3-year period, due to an upward trend in home prices in MERINGANDAN, 4352.

This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

The gross rental yield in MERINGANDAN, 4352 is 3.84%.

An average of 5 real estate transactions take place per month in MERINGANDAN which translates to 60 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$879,500	N/A
Growth Report
Median Quarterly	2.29%	N/A
Median 12 month	19.25%	N/A
Median 3 years	47.32%	N/A
Median 5 years	109.4%	N/A
10 years average annual	8.5%	N/A
Weekly media advert. rent	$650	N/A
Time on Market	34.4 days	N/A
Gross Rental Yield Percent	3.84%	N/A

Demographics (Median Values)*

Total Population 245

Weekly Household Income 1105

Household Size 2.80

Average Age 30

Monthly Loan Repayment 864

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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