NEWMERELLA 3886
State: VICPosiProp AI Investment Summary
NEWMERELLA (VIC 3886) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 5.0% and has experienced a 12-month capital growth of Up 19.6%, with a median house buy price of $595,000. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.
Market Yield & Price Indices
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$572,500
$685,000
$595,000
Suburb Market Profile
Last month Newmerella had 3 properties available for rent and 7 properties for sale. Median sold prices over the last year is $595,000 for houses. If you are looking for an investment property, consider houses in Newmerella rent out for $448 PW with an annual rental yield of 5.0% and units rent for $225 PW with a rental yield of 8.6%. Newmerella has seen an annual compound growth rate of 19.6% for houses.
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