‘Budget Needs To Target Housing Choice And Affordability In Regions’
While the upcoming federal budget is expected to focus on job creation, experts believe an opportunity exists for a “p...
Property investments in MERRIJIG fare well against the rest of the country last year, registering a median home price increase of 47.93%.
Real estate investors could earn a rental income of $547.5 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 106.0 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $625,000.
MERRIJIG ranks 86th on the list of best yielding suburbs for rental properties in VIC, posting a 4.56% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||47.93%||N/A|
|Median 3 years||49.52%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||11.7%||N/A|
|Weekly media advert. rent||$547.5||N/A|
|Time on Market||106.0 days||N/A|
|Gross Rental Yield Percent||4.56%||N/A|