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Meringandan West
AREA REPORTS

Meringandan West

Meringandan West - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4352

house

A steady increase in median property prices over a five-year period in the suburb translates to a -0.06% capital gain.

Property investors in MERINGANDAN WEST enjoyed capital gains of 7.42% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $420,000.

Profits due to an downward trend in home prices there averaged -0.02% per annum over a 3-year period.

Home owners selling their properties and realtors in MERINGANDAN WEST usually have to wait an average of 72.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $422.5 mark, reflecting a 5.23% increase in returns based on the current median price in MERINGANDAN WEST.

MERINGANDAN WEST, 4352 places 660th in Australia based on median property value growth during the quarter.

Data report can be found below

Meringandan West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $420,000 N/A
GROWTH REPORT
Median Quarterly 0.48% N/A
Median 12 month 7.42% N/A
Median 3 years -0.06% N/A
Median 5 years 2.56% N/A
10 years average annual 2.55% N/A
Weekly media advert. rent $422.5 N/A
Time on Market 72.7 days N/A
Gross Rental Yield Percent 5.23% N/A
demographics (median values)
Total Population
1230
Weekly Household Income
1099
Household Size
3.10
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