Property investors have seen a 6.69% 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 21.58%.
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 $522,800
Profits averaged 13.45% 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 $360 based on current median home prices for the suburb.
The gross rental yield in MERNDA, 3754 is 3.58%.
An average of 29.33 real estate transactions take place per month in MERNDA which translates to 352 per annum.
Property investments in MERNDA fare well against the rest of the country last year, registering a median home price increase of 11.84%.
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.
This means, real estate investors could earn a rental income of $320 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 99.8 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 $340,000
Investors saw the median home price rise to $340,000.
MERNDA ranks 72nd on the list of best yielding suburbs for rental properties in VIC, posting a 4.89% return.
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