VIC/
Mernda

Suburb Profile

Mernda - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3754

house
unit

Property investors have seen a 2.5% gain in MERNDA based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains MERNDA, 3754 saw average growth in the long term.

the VIC 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 $451,500

Profits averaged 7.34% per annum over a 3-year period, due to an upward trend in home prices in MERNDA, 3754.

This means, real estate investors could earn a rental income of $355 based on current median home prices for the suburb.

The gross rental yield in MERNDA, 3754 is 4.09%.

An average of 30.58 real estate transactions take place per month in MERNDA which translates to 367 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $451,500 $312,000
GROWTH REPORT
Median Quarterly 2.5% -3.41%
Median 12 month 7.76% 0.81%
Median 3 years 22.03% -0.16%
Median 5 years 18.82% 5.76%
10 years average annual 4.17% 1.45%
Weekly media advert. rent $355 $300
Time on Market 76.3 days 110.8 days
Gross Rental Yield Percent 4.09% 5%
demographics (median values)
Total Population
832
Weekly Household Income
1039
Household Size
2.90
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