Suburb Profile Report for Merbein VIC (3505)

Merbein House: Median price $176,250, Annual capital growth 1.70%, Number of sales 44, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report

With a capital gain of -0.98% for the last 12 months, Merbein, 3505 has performed for property investments than its average annual 1.70% property growth over the last 5 years.

A 22.40% growth in median value for property investors in Merbein,3505 puts this suburb at number 514th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Merbein itself are offering an average vendor discount of -10.14% to real estate investors.

Often selling an investment property can take time, and in Merbein the average time real estate has been on the market is 80.93 days.

Property investors should expect to get $260 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$176,250 N/A
0.71% N/A
-0.98% N/A
1.70% N/A
$260 N/A
44 N/A
7.67% N/A
80.93 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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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