Suburb Profile Report for Merrijig VIC (3723)

Merrijig House: Median price $430,000, Annual capital growth 5.44%, Number of sales 12, Weekly median advertised rent N/A

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

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

  • House Report

With a capital gain of -0.81% for the last 12 months, Merrijig, 3723 has performed for property investments than its average annual 5.44% property growth over the last 5 years.

A 10.26% growth in median value for property investors in Merrijig,3723 puts this suburb at number 650th in terms of best performing suburbs in VIC

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

Situated 145.22km from the CBD, Merrijig is one of Mansfield (S) localities in the postcode 3723.

Metrics i HOUSE UNIT
$430,000 N/A
-4.76% N/A
-0.81% N/A
5.44% N/A
N/A N/A
12 N/A
N/A N/A
100.1 N/A

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 705
Median household income ($/weekly) 1072
Median age of persons 25
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 151 21.4
    15-19 years 150 21.2
    25-34 years 86 12.2
    35-44 years 72 10.2
    55-64 years 78 11.0
    Others 169 23.9
    Age Group
    Census Count Percent(%)
    Registered Married 150 48.5
    Not Married 112 36.2
    Defacto Relationship 47 15.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 549 82.3
    China 7 1.0
    Greece 10 1.5
    United Kingdom 35 5.2
    Other 21 3.1
    Others 45 6.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 2.4
    Christianity 337 53.5
    Islam 4 0.6
    Other Religious Groups 9 1.4
    No Religion 261 41.4
    Others 4 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 19 11.4
    $600-$799 26 15.6
    $1,000-$1,249 20 12.0
    $1,250-$1,499 18 10.8
    $1,500-$1,999 24 14.4
    Others 60 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 216 43.5
    Employed, worked full-time 187 37.7
    Employed, worked part-time 75 15.1
    Employed, away from work 12 2.4
    Unemployed, looking for work 6 1.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 73 26.8
    Professionals 52 19.1
    Community & personal service workers 32 11.8
    Machinery operators & drivers 26 9.6
    Labourers 29 10.7
    Others 60 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 10 3.4
    Infants/Primary 31 10.4
    Secondary 237 79.8
    Technical or Further Educational Institution 13 4.4
    University or other Tertiary Institutions 3 1.0
    Others 3 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 399 96.4
    House or flat attached to a shop, office 9 2.2
    Semi-detached, row or terrace house, townhouse 3 0.7
    Flat, unit or apartment 3 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 66 36.9
    Being purchased 55 30.7
    Rented 52 29.1
    Other tenure type 6 3.4
    Tenure Type
Census 2011, ABS
Chart Table