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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Mernda, the median property price for a house is currently 700,000 with annual capital growth of 6.06 . There were 347 house sales in the past 12 months. On average, houses spend 29 days on market.
If you're thinking about buying an investment property in Mernda, consider that rental yields for houses are currently 4.08 with an average median rent of 550 weekly. Houses have seen 0.43 growth in the past quarter, and 6.06 growth in the past 12 months.
The size of Mernda is approximately 22.5 square kilometres. It has 104 parks covering nearly 9.4% of total area. The population of Mernda in 2011 was 6,507 people. By 2016 the population was 16,469 showing a population growth of 153.1% in the area during that time. The predominant age group in Mernda is 30-39 years.
Households in Mernda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mernda work in a professional occupation. In 2011, 79.8% of the homes in Mernda were owner-occupied compared with 69.9% in 2016.
In Mernda, the median property price for a unit is currently 460,000 with annual capital growth of 0.66 . There were 24 unit sales in the past 12 months. On average, units spend 69 days on market.
If you're thinking about buying an investment property in Mernda, consider that rental yields for units are currently 5.03 with an average median rent of 500 weekly. Units have seen 2.22 growth in the past quarter, and 0.66 growth in the past 12 months.
The size of Mernda is approximately 22.5 square kilometres. It has 104 parks covering nearly 9.4% of total area. The population of Mernda in 2011 was 6,507 people. By 2016 the population was 16,469 showing a population growth of 153.1% in the area during that time. The predominant age group in Mernda is 30-39 years.
Households in Mernda are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mernda work in a professional occupation. In 2011, 79.8% of the homes in Mernda were owner-occupied compared with 69.9% in 2016.
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| Key Market Data | House | Unit |
| Median price | 700,000 | 460,000 |
| Quarterly growth | +0.43 | +2.22 |
| 12-month growth | +6.06 | +0.66 |
| Average annual growth | +4.96 | +4.31 |
| Weekly median rent | 550 | 500 |
| Gross rental yield | 4.08 | 5.03 |
| Number of Sales (12m) | 347 | 24 |
| Avg. Days on Market (12m) | 29 | 69 |
| Key Demographics | 2011 | 2016 |
| Total population | 6,507 | 16,469 |
| Population change (5y) | +683.03 | +153.10 |
| Median household income (p/w) | 1,607 | 1,678 |
| Household income change (5y) | +50.33 | +4.42 |
| Median age of persons | 29 | 31 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Mernda was 16,469 in 2016, a +153.10 change compared to 2011.
The predominant age group in Mernda is 30-39 years.
The population of Mernda was 16,469 in 2016, a +153.10 change compared to 2011.
The predominant age group in Mernda is 30-39 years.
Most of the population in Mernda were born in Australia.
Most of the population in Mernda were born in Australia.
Most of the population in Mernda report their religion as Catholic.
Most of the population in Mernda report their religion as Catholic.
Most of the population in Mernda report their income range as between 78,000 and 130,000 .
The median household income in Mernda was 1,678 in 2016, a +4.42 change compared to 2011.
Most of the population in Mernda report their income range as between 78,000 and 130,000 .
The median household income in Mernda was 1,607 in 2011, a +50.33 change compared to 2006.
Most of the population in Mernda work as Professional.
Most of the population in Mernda work as Professional.
The chart below demonstrates the various levels of education in Mernda.
The chart below demonstrates the various levels of education in Mernda.
Most of the population in Mernda reached a qualification level of Certificate.
Most of the population in Mernda reached a qualification level of Certificate.
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