Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $349,000 | 0.0% | $170,000 | $1,630,000 | 99 |
| 2010 | $390,000 | +10.5% | $110,000 | $1,550,000 | 345 |
| 2011 | $405,000 | +3.7% | $180,000 | $990,000 | 155 |
| 2012 | $385,000 | -5.2% | $245,000 | $705,000 | 130 |
| 2013 | $379,900 | -1.3% | $180,000 | $802,000 | 202 |
| 2014 | $390,000 | +2.6% | $226,000 | $760,000 | 199 |
| 2015 | $415,000 | +6.0% | $179,000 | $665,000 | 244 |
| 2016 | $443,500 | +6.4% | $185,000 | $951,000 | 322 |
| 2017 | $547,000 | +18.9% | $311,500 | $970,000 | 360 |
| 2018 | $585,000 | +6.5% | $392,500 | $1,900,000 | 310 |
| 2019 | $553,000 | -5.8% | $275,000 | $1,352,500 | 320 |
| 2020 | $570,000 | +3.0% | $348,000 | $6,550,000 | 306 |
| 2021 | $680,000 | +16.2% | $360,000 | $1,690,000 | 444 |
| 2022 | $690,000 | +1.4% | $290,000 | $1,460,000 | 405 |
| 2023 | $681,000 | -1.3% | $365,000 | $1,430,000 | 329 |
| 2024 | $700,000 | +2.7% | $460,000 | $2,300,000 | 372 |
Median Sale Price
$700K
Based on 373 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
+2.9%
Current Median Price: $700,000
Previous Median Price: $680,000
Based on 706 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $370 | 0.0% | $290 | $2,100 | 152 |
| 2012 | $350 | -5.7% | $240 | $1,647 | 373 |
| 2013 | $345 | -1.4% | $150 | $600 | 369 |
| 2014 | $350 | +1.4% | $250 | $2,000 | 273 |
| 2015 | $350 | 0.0% | $250 | $610 | 514 |
| 2016 | $360 | +2.8% | $265 | $550 | 554 |
| 2017 | $380 | +5.3% | $270 | $1,564 | 485 |
| 2018 | $390 | +2.6% | $305 | $650 | 503 |
| 2019 | $400 | +2.5% | $185 | $1,651 | 470 |
| 2020 | $400 | 0.0% | $235 | $650 | 399 |
| 2021 | $410 | +2.4% | $300 | $2,912 | 406 |
| 2022 | $440 | +6.8% | $320 | $2,086 | 446 |
| 2023 | $495 | +11.1% | $350 | $2,260 | 361 |
| 2024 | $550 | +10.0% | $370 | $1,100 | 352 |
Median Rent Price
$550
per week
Based on 360 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+10.0%
Current Median Rent: $550
Previous Median Rent: $495
Based on 717 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.1%
Current Median Price: $700,000
Current Median rent: $550
Based on 733 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Mernda
Houses sold in Last 12 months ends 21 Dec 2024
$743K
Median Sale Price
74%
Clearance Rate
123/168
Sold/Reported
$1.16M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1 M - $1.2 M | 4 | |
| $800 K - $1 M | 33 | |
| $600 K - $800 K (Median Price Range) | 76 | |
| $400 K - $600 K | 6 | |
Similar Suburbs to Mernda 3754
Based on median house sale price sold in last 12 months
Schools closest to Mernda, VIC 3754
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| St Joseph's Catholic Primary School | 44 MERNDA VILLAGE DRIVEMernda 3754 | Primary | Catholic | 0.6 km |
| Mernda Primary School | 25 EVERTON DRIVEMernda 3754 | Primary | Government | 0.75 km |
| Hazel Glen College | Doreen 3754 | Combined | Government | 1.97 km |