Suburb Profile Report for Mernda VIC (3754)

Mernda House: Median price $432,900, Annual capital growth 3.37%, Number of sales 351, Weekly median advertised rent $350

Mernda Unit: Median price $321,500, Annual capital growth 2.22%, Number of sales 16, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Mernda, 3754 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.07%

Taking the average capital gain, or increase in median house value, Mernda,3754 has racked up an average of 5.07% over the period. This ranks it number 2197th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Mernda is giving property investors an average Vendor Discount of around -4.22%. This puts suburb at number 463th in VIC when ranking the most discounted suburbs.

Residents and property investors in Mernda have been waiting around 83.41 days to sell a property.

With the median price for a house in Mernda being $432900 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.20%

At number 768th in the list of Australian suburbs ordered by increase in median house value over the last year, Mernda, 3754 is in the top half with a property value increase of 3.88% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Mernda comes in at number 329th in VIC.

Our latest figures would indicate that property sellers in Mernda are currently offering property investors an average price cut of -4.15% below the asking price at the moment.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 2.22%, investors should hope to achieve an overall return of 4.85%

Metrics i HOUSE UNIT
$432,900 $321,500
1.26% 6.28%
5.07% 3.88%
3.37% 2.22%
$350 $300
351 16
4.20% 4.85%
83.41 136.07

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6507
Median household income ($/weekly) 1597
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 741 11.4
    5-14 years 896 13.8
    25-34 years 1603 24.6
    35-44 years 1177 18.1
    45-54 years 665 10.2
    Others 1426 21.9
    Age Group
    Census Count Percent(%)
    Registered Married 2437 52.6
    Not Married 1478 31.9
    Defacto Relationship 714 15.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 4948 78.7
    Indonesia 119 1.9
    Japan 87 1.4
    United Kingdom 220 3.5
    Other 199 3.2
    Others 718 11.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 113 1.9
    Christianity 4262 70.1
    Hinduism 115 1.9
    Islam 160 2.6
    No Religion 1385 22.8
    Others 45 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 226 11.1
    $1,250-$1,499 216 10.6
    $1,500-$1,999 387 19.0
    $2,000-$2,499 353 17.3
    $2,500-$2,999 182 8.9
    Others 677 33.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2536 53.7
    Not in the labour force 945 20.0
    Employed, worked part-time 868 18.4
    Employed, away from work 218 4.6
    Unemployed, looking for work 154 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 426 11.8
    Professionals 646 17.8
    Technicians & trades workers 633 17.5
    Clerical & administrative workers 591 16.3
    Sales 370 10.2
    Others 954 26.4
    Occupation
    Census Count Percent(%)
    Pre-school 186 11.9
    Infants/Primary 621 39.9
    Secondary 348 22.4
    Technical or Further Educational Institution 157 10.1
    University or other Tertiary Institutions 195 12.5
    Others 50 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6046 95.6
    Semi-detached, row or terrace house, townhouse 250 4.0
    Flat, unit or apartment 22 0.3
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1503 68.6
    Rented 407 18.6
    Fully owned 271 12.4
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals