Suburb Profile Report for Mernda VIC (3754)

Mernda House: Median price $451,500, Annual capital growth 4.17%, Number of sales 367, Weekly median advertised rent $355

Mernda Unit: Median price $312,000, Annual capital growth 1.45%, Number of sales 19, 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 7.76%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mernda has increased when compared to the 5 year average annual rate.

Vendor discounting in Mernda is giving property investors an average Vendor Discount of around -3.35%. This puts suburb at number 516th in VIC when ranking the most discounted suburbs.

Mernda is 221th on a list of best yielding suburbs for rents in VIC with a 4.09% return

Property investors who have had real estate in Mernda, 3754 should be relatively unhappy 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 0.81%

Across a shorter period, Mernda, 3754 has seen a median price increase of -3.41% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mernda is offering property investors an average of -4.87. This rate of discount on properties puts Suburb at number 185th in terms of most discounted suburbs in VIC

Mernda is 71th on a list of best yielding suburbs for rents in VIC with a 5.00% return

Metrics i HOUSE UNIT
$451,500 $312,000
2.50% -3.41%
7.76% 0.81%
4.17% 1.45%
$355 $300
367 19
4.09% 5.00%
76.3 110.83

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Mernda VIC
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
Chart Table
Recent sales & rentals