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 3.8% and has experienced a 12-month capital growth of Up 4.3%, with a median house buy price of $730,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$635,000
$680,000
$771,500
$730,000
Suburb Market Profile
Last month Mernda had 94 properties available for rent and 72 properties for sale. Median property prices over the last year range from $730,000 for houses to $502,500 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 3.8% and units rent for $460 PW with a rental yield of 4.5%. Mernda has seen an annual compound growth rate of 4.3% for houses and -5.2% for units.