Suburb Profile Report for Merbein VIC (3505)

Merbein House: Median price $170,000, Annual capital growth 1.39%, Number of sales 53, Weekly median advertised rent $245

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Merbein is in the bottom 10% in VIC when comparing median price capital growth over the last year. Merbein gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.03%.

The five-year average increase in median property values for Merbein,3505 has given property investors a potential capital gain of 7.59% across each of those five years.

Property buyers and investors in Merbein 3505 should be seeing an average reduction in asking price of around -11.51% . This means that Merbein is holding prices well when compared to other suburbs in VIC.

At number 2025 in a list of fastest selling suburbs, Merbein is just in the bottom half of suburbs in Australia with an average of days on market 85.05 for properties listed there.

HOUSE UNIT
$170,000 N/A
-3.55% N/A
-5.03% N/A
1.39% N/A
$245 N/A
53 N/A
7.49% N/A
85.05 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2671
Median household income ($/weekly) 738
Median age of persons 44
Median housing loan repayment ($/monthly) 1040
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 345 12.9
    35-44 years 308 11.5
    45-54 years 430 16.1
    55-64 years 362 13.6
    65-74 years 261 9.8
    Others 965 36.1
    Age Group
    Census Count Percent(%)
    Registered Married 920 46.4
    Not Married 872 44.0
    Defacto Relationship 192 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2381 93.5
    Japan 14 0.5
    Papua New Guinea 33 1.3
    Turkey 15 0.6
    United Kingdom 55 2.2
    Others 48 1.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1666 68.5
    No Religion 720 29.6
    Islam 21 0.9
    Buddhism 18 0.7
    Other Religious Groups 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 117 12.4
    $400-$599 174 18.4
    $600-$799 144 15.3
    $800-$999 100 10.6
    $1,500-$1,999 96 10.2
    Others 313 33.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 960 45.7
    Employed, worked full-time 608 28.9
    Employed, worked part-time 350 16.7
    Unemployed, looking for work 103 4.9
    Employed, away from work 81 3.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 138 13.3
    Professionals 123 11.8
    Technicians & trades workers 143 13.8
    Community & personal service workers 121 11.6
    Labourers 168 16.2
    Others 346 33.3
    Occupation
    Census Count Percent(%)
    Pre-school 34 6.1
    Infants/Primary 214 38.6
    Secondary 223 40.2
    Technical or Further Educational Institution 38 6.8
    University or other Tertiary Institutions 28 5.0
    Others 18 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2412 95.8
    Flat, unit or apartment 48 1.9
    Caravan, cabin, houseboat 40 1.6
    House or flat attached to a shop, office 17 0.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 398 38.5
    Being purchased 383 37.0
    Rented 243 23.5
    Other tenure type 11 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals