Located in Victoria within the Mildura local government area, Merbein is a compact suburb (postcode 3505). The area has roughly 2,770 residents and an established demographic, with a median age of 44. Households earn a median income of $60K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Merbein stand at $345,000, having climbed sharply by 15% over the last twelve months. The current median weekly rent is $465. This gives a gross rental yield of approximately 7.0%. The median monthly mortgage repayment is $1,025.
Merbein is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 975, which is around the national average of 1,000. Public transport access includes 1 rail station, 30 bus stops. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 7.0% (high yield). Property prices sit below the state median ($345K/$875K), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +15.0% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.