read our methodology for how we research and verify." cover_alt: “Mernda lifestyle” cover_credit: “wikimedia_commons” figures: [{“position”: “Rental Yield Summary”, “url”: “https://upload.wikimedia.org/wikipedia/commons/d/db/Mernda_Mechanics_Institute_005.JPG”, “alt”: “Rental Yield Summary”, “credit”: “wikimedia_commons”, “score”: 70}, {“position”: “Gross vs Net: The Real Numbers”, “url”: “https://upload.wikimedia.org/wikipedia/commons/d/db/Mernda_Mechanics_Institute_005.JPG”, “alt”: “Gross vs Net: The Real Numbers”, “credit”: “wikimedia_commons”, “score”: 70}] —## Rental Yield Summary
| Property Type | Median Price | Weekly Rent | Gross Yield | Net Yield (est) |
|---|---|---|---|---|
| Houses | $715,222 | $448/wk | 3.3% | 1.5% |
| Units | $363,898 | $330/wk | 4.7% | 3.2% |
Gross vs Net: The Real Numbers
Gross yield is what most headlines quote. Net yield is what you actually keep after costs.
Annual costs that eat your yield:
- Council rates: $1582/year
- Insurance (landlord): $1,200-1,800/year
- Property management (7-8%): $1,747/year
- Maintenance allowance (1%): $7,152/year
- Vacancy (2-4 weeks/year): $1,344/year
Net annual income (house): $9,552 Net yield: 1.5%
Vacancy Rate
Current vacancy: 1.1%
Moderate vacancy. Marketing time of 2-3 weeks between tenancies is typical.
How Mernda Compares
| Suburb | House Yield | Unit Yield |
|---|---|---|
| Mernda | 3.3% | 4.7% |
| Melbourne average | 3.2% | 4.1% |
| Tarneit | 3 |
