Perth recovery takes COVID-19 hit
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
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Property investors have seen a 0.92% 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 $550,000
Profits averaged 8.81% 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 $400 based on current median home prices for the suburb.
The gross rental yield in MERNDA, 3754 is 3.78%.
An average of 27.58 real estate transactions take place per month in MERNDA which translates to 331 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | $385,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0.92% | -0.13% |
| Median 12 month | -3.51% | 2.26% |
| Median 3 years | 26.44% | 23.4% |
| Median 5 years | 45.7% | 12.24% |
| 10 years average annual | 4.88% | 6.92% |
| Weekly media advert. rent | $400 | $350 |
| Time on Market | 54.6 days | 70.9 days |
| Gross Rental Yield Percent | 3.78% | 4.73% |
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