Suburb Profile Report for Mernda VIC (3754)

Mernda House: Median price $541,000, Annual capital growth 5.38%, Number of sales 380, Weekly median advertised rent $370

Mernda Unit: Median price $345,000, Annual capital growth 2.98%, Number of sales 22, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Mernda has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.91% to date .

Taking the average capital gain, or increase in median house value, Mernda,3754 has racked up an average of 22.91% over the period. This ranks it number 921th in the whole country for real estate investors looking at median house price increases.

Mernda3754 is located in VIC which offers an average discount of -5.00% to property investors. Mernda itself is showing figures that indicate -3.34% is the average achievable by property buyers investing in the suburb.

Situated 26.07km from the CBD, Mernda is one of Whittlesea localities in the postcode 3754.

With a capital gain of 6.25% for the last 12 months, Mernda, 3754 has performed for property investments than its average annual 2.76% property growth over the last 5 years.

Over the longer term, Mernda has seen property prices show investors a 3.06% return over the last 3 years. This is an improvement over the last 12 months

Our latest figures would indicate that property sellers in Mernda are currently offering property investors an average price cut of -3.05% below the asking price at the moment.

With the median price for a house in Mernda being $340000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.89%

Metrics i HOUSE UNIT
$541,000 $345,000
3.05% 1.47%
24.37% 10.58%
5.38% 2.98%
$370 $320
380 22
3.56% 4.82%
45.46 82.84

Source: CoreLogic

DSR Score for property investment : Above average (H), Very good (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