Merrijig, VIC 3723
Compare Part of East Gippsland
221.17 km
Distance from Melbourne CBD
3 k
Population
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 | $365,000 | 0.0% | $255,000 | $365,000 | 8 |
| 2010 | $285,000 | -28.1% | $140,000 | $785,000 | 15 |
| 2011 | $367,500 | +22.4% | $310,000 | $390,000 | 5 |
| 2012 | $244,000 | -50.6% | $204,000 | $244,000 | 2 |
| 2013 | $395,000 | +38.2% | $200,004 | $676,000 | 11 |
| 2014 | $390,000 | -1.3% | $320,000 | $390,000 | 4 |
| 2015 | $425,000 | +8.2% | $168,000 | $505,000 | 4 |
| 2016 | $362,000 | -17.4% | $195,000 | $470,000 | 10 |
| 2017 | $410,000 | +11.7% | $317,000 | $840,000 | 6 |
| 2018 | $480,000 | +14.6% | $360,000 | $615,000 | 12 |
| 2019 | $430,000 | -11.6% | $335,000 | $720,000 | 8 |
| 2020 | $625,000 | +31.2% | $523,000 | $1,250,000 | 5 |
| 2021 | $935,000 | +33.2% | $525,000 | $2,700,000 | 20 |
| 2022 | $1,000,000 | +6.5% | $460,000 | $1,726,000 | 11 |
| 2023 | $1,450,000 | +31.0% | $695,000 | $3,300,000 | 9 |
| 2024 | $1,325,000 | -9.4% | $950,000 | $1,325,000 | 3 |
Median Sale Price
$1.33M
Based on 5 recorded sales within the last 12 months
Updated on 28 Sep 2024
Suburb Growth
-9.4%
Current Median Price: $1,325,000
Previous Median Price: $1,450,000
Based on 14 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 | - | - | - | - | - |
| 2012 | $355 | 0.0% | $220 | $355 | 2 |
| 2013 | $460 | +22.8% | $210 | $460 | 2 |
| 2014 | $250 | -84.0% | $250 | $460 | 3 |
| 2015 | $250 | 0.0% | $200 | $430 | 6 |
| 2016 | $350 | +28.6% | $325 | $380 | 3 |
| 2017 | $420 | +16.7% | $220 | $550 | 5 |
| 2018 | $370 | -13.5% | $260 | $450 | 7 |
| 2019 | $400 | +7.5% | $260 | $450 | 5 |
| 2020 | $500 | +20.0% | $300 | $750 | 9 |
| 2021 | $550 | +9.1% | $430 | $580 | 4 |
| 2022 | $850 | +35.3% | $440 | $850 | 4 |
| 2023 | $490 | -73.5% | $451 | $490 | 2 |
| 2024 | $580 | +15.5% | $350 | $580 | 2 |
Median Rent Price
$580
per week
Based on 2 recorded rent within the last 12 months
Updated on 28 Sep 2024
Rent Price Growth
+15.5%
Current Median Rent: $580
Previous Median Rent: $490
Based on 4 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.3%
Current Median Price: $1,325,000
Current Median rent: $580
Based on 7 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Aug 2024)