MERNDA 3754
State: VICPosiProp AI Investment Summary
MERNDA (VIC 3754) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.0% and has experienced a 12-month capital growth of Up 5.2%, with a median house buy price of $747,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$667,500
$685,000
$780,000
$747,000
Suburb Market Profile
Last month Mernda had 96 properties available for rent and 105 properties for sale. Median property prices over the last year range from $747,000 for houses to $505,000 for units. If you are looking for an investment property, consider houses in Mernda rent out for $550 PW with an annual rental yield of 4.0% and units rent for $500 PW with a rental yield of 4.9%. Mernda has seen an annual compound growth rate of 5.2% for houses and -4.7% for units.
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