Merrigum is a small community in Victoria within the Greater Shepparton local government area (postcode 3618). With a population of 679, the suburb has a mature demographic with a median age of 47. Households earn a median income of $54K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Merrigum is $275,000, having grown strongly 7.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 7.6%. The median monthly mortgage repayment is $1,083.
Merrigum is served by 1 school, including 1 primary. The average ICSEA score is 813, which is well below the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Greater Shepparton LGA is higher than average at 14,955 incidents per 100,000 population.
From an investment perspective, Merrigum offers a gross rental yield of 7.6%, rated as high yield. Property prices sit below the state median ($275K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +7.8% year-on-year.
Merrigum is a small community in Victoria within the Greater Shepparton local government area (postcode 3618). With a population of 679, the suburb has a mature demographic with a median age of 47. Households earn a median income of $54K per year, with an average household size of 2.3 people. The most common occupations are managers, labourers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Merrigum is $275,000, having grown strongly 7.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 7.6%. The median monthly mortgage repayment is $1,083.
Merrigum is served by 1 school, including 1 primary. The average ICSEA score is 813, which is well below the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Greater Shepparton LGA is higher than average at 14,955 incidents per 100,000 population.
From an investment perspective, Merrigum offers a gross rental yield of 7.6%, rated as high yield. Property prices sit below the state median ($275K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +7.8% year-on-year.