AREA REPORTS

Mernda

VIC/
Mernda

Suburb Profile

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

house
unit

Property investors have seen a 4.36% 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 22.86%.

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 $575,000

Profits averaged 15.81% 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 $377.5 based on current median home prices for the suburb.

The gross rental yield in MERNDA, 3754 is 3.41%.

An average of 29.5 real estate transactions take place per month in MERNDA which translates to 354 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $575,000 $375,000
GROWTH REPORT
Median Quarterly 4.36% 7.14%
Median 12 month 22.86% 20.19%
Median 3 years 47.44% 10.62%
Median 5 years 52.12% 14.5%
10 years average annual 6.12% 3.89%
Weekly media advert. rent $377.5 $320
Time on Market 39.0 days 41.9 days
Gross Rental Yield Percent 3.41% 4.44%
demographics (median values)
Total Population
832
Weekly Household Income
1039
Household Size
2.90
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Apartment building

‘Great buying opportunities’ for careful investors looking at new-builds

Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...

suburbs

1 capital city records value spike, others hold steady and drop

Values across major capital city markets remained largely steady or in decline last week, but one capital recorded an overall rise in house ...

Wood cladding

$1m-plus fines loom as new building compliance deadlines approach

Both NSW and Queensland have deadlines fast approaching relating to proper use of building materials, with penalties for non- compliance rea...

Kenneth Hayne

Borrowers up for ‘significantly’ more with post-royal commission changes

The head of a mortgage broker aggregator has spoken out against the banking royal commission final report, claiming if the recommendations o...

Aerial suburbs

How real estate agents’ activity are influenced by market conditions

Despite the softening of property markets across Australia, Real Estate Business’ Tim Neary said that the best real estate agents are ‘s...

Aerial shot of suburbs

Investors not ‘playing’ the game could miss out big

While timing in the market is not as important as time in the market, it can still mean the difference between getting and missing out on a ...