VIC/
Mernda

Suburb Profile

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

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unit

Property investors have seen a 3.36% 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 22.89%.

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 $553,000

Profits averaged 14.55% 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 $370 based on current median home prices for the suburb.

The gross rental yield in MERNDA, 3754 is 3.48%.

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 Price $553,000 $345,000
GROWTH REPORT
Median Quarterly 3.36% 1.47%
Median 12 month 22.89% 10.58%
Median 3 years 43.64% 9.18%
Median 5 years 45.56% 16.95%
10 years average annual 5.6% 1.15%
Weekly media advert. rent $370 $320
Time on Market 40.3 days 55.2 days
Gross Rental Yield Percent 3.48% 4.82%
demographics (median values)
Total Population
832
Weekly Household Income
1039
Household Size
2.90
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Mernda, VIC
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