Mernda is a large suburb in Victoria within the Whittlesea local government area (postcode 3754). With a population of 23,369, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $105K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Indian.
The median house price in Mernda is $700,000, having increased 4.5% over the past year. Units have a median price of $518,000 (+8.9% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,937.
Mernda is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1063, which is above the national average of 1,000. Public transport access includes 4 rail stations, 77 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Mernda offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($700K/$875K). The price-to-income ratio of 6.7x is considered moderate. House prices have moved +4.5% year-on-year.
Mernda is a large suburb in Victoria within the Whittlesea local government area (postcode 3754). With a population of 23,369, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $105K per year, with an average household size of 3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are Australian, English, Indian.
The median house price in Mernda is $700,000, having increased 4.5% over the past year. Units have a median price of $518,000 (+8.9% YoY). The current median weekly rent is $495. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,937.
Mernda is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1063, which is above the national average of 1,000. Public transport access includes 4 rail stations, 77 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
From an investment perspective, Mernda offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($700K/$875K). The price-to-income ratio of 6.7x is considered moderate. House prices have moved +4.5% year-on-year.