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Mernda
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Mernda

Mernda - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3754

house
unit

Property investors have seen a 3.92% gain in MERNDA based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on MERNDA, 3754 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.07%.

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 $650,000

Profits averaged 4.45% 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 $400 based on current median home prices for the suburb.

The gross rental yield in MERNDA, 3754 is 3.2%.

An average of 34.58 real estate transactions take place per month in MERNDA which translates to 415 per annum.

Data report can be found below

Mernda
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 $432,500
GROWTH REPORT
Median Quarterly 3.92% 3.59%
Median 12 month 16.07% 12.34%
Median 3 years 13.34% 15.64%
Median 5 years 52.26% 43.69%
10 years average annual 5.37% 3.14%
Weekly media advert. rent $400 $360
Time on Market 43.6 days 68.9 days
Gross Rental Yield Percent 3.2% 4.33%
demographics (median values)*
Total Population
37757
Weekly Household Income
1742
Household Size
3.00
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.
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