Suburb Profile Report for Merbein VIC (3505)

Merbein House: Median price $180,000, Annual capital growth 1.59%, Number of sales 48, Weekly median advertised rent $270

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

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Merbein is in the bottom 40% in VIC when comparing median price capital growth over the last year. Merbein gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.77%.

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

LACK OF BUYER INTEREST may well be the reason that Merbein is offering property investors an average of -5.61. This rate of discount on properties puts Suburb at number 133th in terms of most discounted suburbs in VIC

Residents and property investors in Merbein have been waiting around 57.17 days to sell a property.

Situated 482.14km from the CBD, Merbein is one of Mildura (RC) localities in the postcode 3505.

Metrics i HOUSE UNIT
$180,000 N/A
-0.41% N/A
-0.83% N/A
1.59% N/A
$270 N/A
48 N/A
7.80% N/A
68.41936 N/A

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Merbein VIC
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
Chart Table