MERRIMU 3340
State: VICPosiProp AI Investment Summary
MERRIMU (VIC 3340) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 2.8% and has experienced a 12-month capital growth of Up 5.1%, with a median house buy price of $1,315,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
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$1,315,000
$1,105,000
$1,315,000
Suburb Market Profile
Last month Merrimu had 0 properties available for rent and 7 properties for sale. Median sold prices over the last year is $1,315,000 for houses. If you are looking for an investment property, consider houses in Merrimu rent out for $700 PW with an annual rental yield of 2.8%. Merrimu has seen an annual compound growth rate of 5.1% for houses.
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