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.