Should you really invest in Sydney?
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Property investors have seen a 0% 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 9.8% 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 $395 based on current median home prices for the suburb.
The gross rental yield in MERNDA, 3754 is 3.73%.
An average of 25.75 real estate transactions take place per month in MERNDA which translates to 309 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 4.46% |
| Median 12 month | -4.18% | 9.92% |
| Median 3 years | 29.41% | 34.87% |
| Median 5 years | 50.07% | 24.45% |
| 10 years average annual | 5.12% | 4.54% |
| Weekly media advert. rent | $395 | $345 |
| Time on Market | 56.5 days | 80.8 days |
| Gross Rental Yield Percent | 3.73% | 4.38% |
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