Located in Victoria within the Mornington Peninsula local government area, Merricks Beach is a sparsely populated locality (postcode 3926). It is home to about 157 residents, with a more retirement-aged population and a median age of 62. Households earn a median income of $76K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 professionals, managers, labourers. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median weekly rent is $436 (Census 2021). The median monthly mortgage repayment is $1,700.
The crime rate in the Mornington Peninsula LGA is moderate at 7,089 incidents per 100,000 population.
Looking at the investment signals, Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.