Mernda

POSTAL CODE: VIC, 3754

HOUSE

UNIT

Property investors have seen a 1.41% 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 $735,250

Profits averaged 2.67% 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 3.89%.

An average of 35 real estate transactions take place per month in MERNDA which translates to 420 per annum.

Property investments in MERNDA did not fare well against the rest of the country last year, registering a median home price decrease of -14.74%.

Figures from the previous quarter show that capital gains for real estate buyers in MERNDA are low, 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 decrease in the long term.

This means, real estate investors could earn a rental income of $490 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 49.7 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 $405,000

Investors saw the median home price rise to $405,000.

MERNDA ranks 14th on the list of best yielding suburbs for rental properties in VIC, posting a 6.29% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$735,250	$405,000
Growth Report
Median Quarterly	1.41%	-4.71%
Median 12 month	5.04%	-14.74%
Median 3 years	8.93%	3.45%
Median 5 years	28.99%	-2.46%
10 years average annual	6.34%	3%
Weekly media advert. rent	$550	$490
Time on Market	42.5 days	49.7 days
Gross Rental Yield Percent	3.89%	6.29%

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.

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