Merrigum, VIC 3618
Compare Part of Greater Shepparton
161.04 km
Distance from Melbourne CBD
1 k
Population
Median Sale Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $175,000 | 0.0% | $125,000 | $186,000 | 5 |
| 2010 | $120,000 | -45.8% | $100,000 | $135,000 | 4 |
| 2011 | $225,000 | +46.7% | $88,000 | $320,000 | 12 |
| 2012 | $180,000 | -25.0% | $148,000 | $220,000 | 4 |
| 2013 | $258,000 | +30.2% | $223,000 | $258,000 | 3 |
| 2014 | $175,000 | -47.4% | $142,500 | $220,000 | 8 |
| 2015 | $180,000 | +2.8% | $125,000 | $297,500 | 7 |
| 2016 | $207,000 | +13.0% | $145,000 | $211,000 | 4 |
| 2017 | $185,000 | -11.9% | $110,500 | $485,000 | 9 |
| 2018 | $190,000 | +2.6% | $120,000 | $372,500 | 8 |
| 2019 | $270,000 | +29.6% | $130,000 | $315,000 | 6 |
| 2020 | $179,000 | -50.8% | $165,000 | $275,000 | 8 |
| 2021 | $255,000 | +29.8% | $126,500 | $475,000 | 9 |
| 2022 | $327,000 | +22.0% | $179,000 | $630,000 | 6 |
| 2023 | $300,000 | -9.0% | $150,000 | $640,000 | 12 |
| 2024 | $270,000 | -11.1% | $270,000 | $270,000 | 1 |
Median Sale Price
$270K
Based on 8 recorded sales within the last 12 months
Updated on 17 Jun 2024
Suburb Growth
-29.6%
Current Median Price: $270,000
Previous Median Price: $350,000
Based on 15 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2024)
Price Range Segments (12 months ending May 2024)
Median Weekly Rent Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $180 | 0.0% | $180 | $180 | 1 |
| 2012 | $195 | +7.7% | $170 | $225 | 3 |
| 2013 | $200 | +2.5% | $180 | $230 | 4 |
| 2014 | $230 | +13.0% | $230 | $230 | 1 |
| 2015 | $250 | +8.0% | $240 | $250 | 4 |
| 2016 | $230 | -8.7% | $165 | $230 | 2 |
| 2017 | $250 | +8.0% | $180 | $260 | 4 |
| 2018 | $190 | -31.6% | $190 | $190 | 1 |
| 2019 | $260 | +26.9% | $240 | $260 | 2 |
| 2020 | $280 | +7.1% | $210 | $280 | 2 |
| 2021 | $300 | +6.7% | $300 | $300 | 1 |
| 2022 | $300 | 0.0% | $300 | $300 | 2 |
| 2023 | $350 | +14.3% | $260 | $420 | 3 |
| 2024 | - | - | - | - | - |
Median Rent Price
$420
per week
Based on 2 recorded rent within the last 12 months
Updated on 17 Jun 2024
Rent Price Growth
+38.1%
Current Median Rent: $420
Previous Median Rent: $260
Based on 3 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+8.1%
Current Median Price: $270,000
Current Median rent: $420
Based on 10 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2024)
Schools closest to Merrigum, VIC 3618
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Merrigum Primary School | JUDD AVENUEMerrigum 3618 | Primary | Government | 0.4 km |