Median Sale Price
House
-
Updated on Jul 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jul 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $147,000 | 0.0% | $71,000 | $710,000 | 11 |
| 2010 | $170,000 | +13.5% | $80,000 | $500,000 | 29 |
| 2011 | $190,000 | +10.5% | $76,000 | $335,000 | 28 |
| 2012 | $155,000 | -22.6% | $71,000 | $395,000 | 30 |
| 2013 | $155,000 | 0.0% | $55,000 | $445,000 | 71 |
| 2014 | $182,500 | +15.1% | $81,000 | $900,000 | 49 |
| 2015 | $200,000 | +8.8% | $100,000 | $462,000 | 44 |
| 2016 | $177,500 | -12.7% | $46,500 | $310,000 | 44 |
| 2017 | $223,000 | +20.4% | $1,001 | $530,000 | 36 |
| 2018 | $192,000 | -16.1% | $96,000 | $511,000 | 39 |
| 2019 | $212,500 | +9.6% | $95,000 | $530,000 | 48 |
| 2020 | $240,000 | +11.5% | $100,000 | $620,000 | 48 |
| 2021 | $260,000 | +7.7% | $120,000 | $875,000 | 40 |
| 2022 | $345,000 | +24.6% | $62,000 | $630,046 | 46 |
| 2023 | $305,000 | -13.1% | $120,000 | $771,000 | 50 |
| 2024 | $335,000 | +9.0% | $122,000 | $600,000 | 30 |
Median Sale Price
$310K
Based on 41 recorded sales within the last 12 months
Updated on 29 Sep 2024
Suburb Growth
-3.2%
Current Median Price: $310,000
Previous Median Price: $320,000
Based on 94 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Aug 2024)
Price Range Segments (12 months ending Aug 2024)
Median Weekly Rent Price
House
-
Updated on Jul 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Jul 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $200 | 0.0% | $110 | $340 | 26 |
| 2012 | $200 | 0.0% | $170 | $250 | 10 |
| 2013 | $225 | +11.1% | $180 | $300 | 19 |
| 2014 | $230 | +2.2% | $160 | $430 | 10 |
| 2015 | $250 | +8.0% | $180 | $782 | 18 |
| 2016 | $240 | -4.2% | $155 | $500 | 17 |
| 2017 | $260 | +7.7% | $200 | $520 | 21 |
| 2018 | $260 | 0.0% | $130 | $330 | 13 |
| 2019 | $250 | -4.0% | $220 | $350 | 13 |
| 2020 | $280 | +10.7% | $200 | $510 | 16 |
| 2021 | $290 | +3.4% | $220 | $380 | 21 |
| 2022 | $350 | +17.1% | $280 | $500 | 10 |
| 2023 | $350 | 0.0% | $250 | $550 | 17 |
| 2024 | $350 | 0.0% | $310 | $390 | 7 |
Median Rent Price
$330
per week
Based on 10 recorded rent within the last 12 months
Updated on 29 Sep 2024
Rent Price Growth
-9.1%
Current Median Rent: $330
Previous Median Rent: $360
Based on 26 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.5%
Current Median Price: $310,000
Current Median rent: $330
Based on 51 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2024)
Auction Results For Merbein
Houses sold in Last 12 months ends 28 Sep 2024
$120K
Median Sale Price
100%
Clearance Rate
1/1
Sold/Reported
$120K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| less than $400 K (Median Price Range) | 1 | |
Similar Suburbs to Merbein 3505
Based on median house sale price sold in last 12 months
Schools closest to Merbein, VIC 3505
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Our Lady of the Sacred Heart School | BOX STMerbein 3505 | Primary | Catholic | 0.72 km |
| Merbein P-10 College | 188-206 COMMERCIAL STREETMerbein 3505 | Combined | Government | 0.94 km |