Suburb Profile Report for Mernda VIC (3754)

Mernda House: Median price $470,000, Annual capital growth 3.90%, Number of sales 352, Weekly median advertised rent $360

Mernda Unit: Median price $320,000, Annual capital growth 1.82%, Number of sales 21, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report

Mernda is an average performer in VIC when comparing median price capital growth over the last year. Mernda gave property investors a average capital gain figure when compared to the rest of the state, with 10.61%.

Across a shorter period, Mernda, 3754 has seen a median price increase of 4.28% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Mernda is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 442th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $4320 per annum or $360 every week.

Investment property in Mernda has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.26%

A 8.47% growth in median value for property investors in Mernda,3754 puts this suburb at number 140th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Mernda should be aiming for at least -3.08% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Mernda have been waiting around 96.64 days to sell a property.

Mernda is 73th on a list of best yielding suburbs for rents in VIC with a 4.96% return

Metrics i HOUSE UNIT
$470,000 $320,000
4.28% 2.56%
10.61% 5.26%
3.90% 1.82%
$360 $305
352 21
3.98% 4.96%
60.44 96.64

Source: CoreLogic

DSR Score for property investment : Good (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
Chart Table
Recent sales & rentals