Suburb Profile Report for Mernda VIC (3754)

Mernda House: Median price $650,000, Annual capital growth 6.80%, Number of sales 415, Weekly median advertised rent $0

Mernda Unit: Median price $432,500, Annual capital growth 8.36%, Number of sales 44, Weekly median advertised rent $250

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Mernda have tracked just lower than the VIC average of 22.78% over the last 12 months.

If we look at median property appreciation over just the last three months, Mernda has given property investors a paper return of 13.85%. This puts Suburb as 122 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Mernda are currently offering property investors an average price cut of -4.04% below the asking price at the moment.

Mernda is 658th on a list of best yielding suburbs for rents in VIC with a 0.00% return

Giving property investors a a solid capital gain of 61.31% for the last year, Mernda, 3754 is the 2nd highest performer in Australia in this respect.

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 -4.21%. This puts suburb at number 86th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Mernda the average time real estate has been on the market is 39.9231 days.

Situated 26.86km from the CBD, Mernda is one of Whittlesea (C) localities in the postcode 3754.

Metrics i HOUSE UNIT
$650,000 $432,500
13.85% 13.85%
19.35% 61.31%
6.80% 8.36%
$0 $250
415 44
0.00% 8.78%
55.2727272727273 39.9230769230769

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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
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