Mernda

POSTAL CODE: VIC, 3754

HOUSE

UNIT

Property investors have seen a 1.27% 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 $749,375

Profits averaged 4.33% 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 $550 based on current median home prices for the suburb.

The gross rental yield in MERNDA, 3754 is 3.82%.

An average of 30.42 real estate transactions take place per month in MERNDA which translates to 365 per annum.

Property investments in MERNDA fare well against the rest of the country last year, registering a median home price increase of 7.89%.

Figures from the previous quarter show that capital gains for real estate buyers in MERNDA are high, as opposed to average gains per annum over the past five years.

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

This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MERNDA, homes and units usually stay on listing for an average of 37.3 days.

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 $512,500

Investors saw the median home price rise to $512,500.

MERNDA ranks 77th on the list of best yielding suburbs for rental properties in VIC, posting a 5.07% return.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$749,375	$512,500
Growth Report
Median Quarterly	1.27%	9.16%
Median 12 month	4.62%	7.89%
Median 3 years	13.89%	11.43%
Median 5 years	20.87%	22.39%
10 years average annual	6.33%	5.28%
Weekly media advert. rent	$550	$500
Time on Market	36.1 days	37.3 days
Gross Rental Yield Percent	3.82%	5.07%

Demographics (Median Values)*

Total Population 37757

Weekly Household Income 1742

Household Size 3.00

Average Age 31

Monthly Loan Repayment 1950

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

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type

.module-ajax-wrapper-js-only-732 { display: none !important; }