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 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%|