Suburb Profile Report for Merrijig VIC (3723)

Merrijig House: Median price $296,500, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Across a shorter period, Merrijig, 3723 has seen a median price increase of 0.51% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Merrijig, 3723. Typically our figures indicate that -8.57% is being offered, which puts this VIC suburb at 598th most discounted overall in Australia.

Often selling an investment property can take time, and in Merrijig the average time real estate has been on the market is 134.7 days.

HOUSE UNIT
$296,500 N/A
0.51% N/A
N/A N/A
N/A N/A
N/A N/A
10 N/A
N/A N/A
134.7 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 705
Median household income ($/weekly) 1072
Median age of persons 25
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 151 21.4
    15-19 years 150 21.2
    25-34 years 86 12.2
    35-44 years 72 10.2
    55-64 years 78 11.0
    Others 169 23.9
    Age Group
    Census Count Percent(%)
    Registered Married 150 48.5
    Not Married 112 36.2
    Defacto Relationship 47 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 549 82.3
    China 7 1.0
    Greece 10 1.5
    United Kingdom 35 5.2
    Other 21 3.1
    Others 45 6.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 2.4
    Christianity 337 53.5
    Islam 4 0.6
    Other Religious Groups 9 1.4
    No Religion 261 41.4
    Others 4 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 19 11.4
    $600-$799 26 15.6
    $1,000-$1,249 20 12.0
    $1,250-$1,499 18 10.8
    $1,500-$1,999 24 14.4
    Others 60 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 216 43.5
    Employed, worked full-time 187 37.7
    Employed, worked part-time 75 15.1
    Employed, away from work 12 2.4
    Unemployed, looking for work 6 1.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 73 26.8
    Professionals 52 19.1
    Community & personal service workers 32 11.8
    Machinery operators & drivers 26 9.6
    Labourers 29 10.7
    Others 60 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 10 3.4
    Infants/Primary 31 10.4
    Secondary 237 79.8
    Technical or Further Educational Institution 13 4.4
    University or other Tertiary Institutions 3 1.0
    Others 3 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 399 96.4
    House or flat attached to a shop, office 9 2.2
    Semi-detached, row or terrace house, townhouse 3 0.7
    Flat, unit or apartment 3 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 66 36.9
    Being purchased 55 30.7
    Rented 52 29.1
    Other tenure type 6 3.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals