Merbein is a smaller suburb in Victoria within the Mildura local government area (postcode 3505). With a population of 2,770, the suburb has 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. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Merbein is $345,000, having surged 15% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 5.7%. 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.
From an investment perspective, Merbein offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($345K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +15.0% year-on-year.
Merbein is a smaller suburb in Victoria within the Mildura local government area (postcode 3505). With a population of 2,770, the suburb has 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. The most common occupations are community & personal service, labourers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Merbein is $345,000, having surged 15% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 5.7%. 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.
From an investment perspective, Merbein offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($345K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +15.0% year-on-year.