Mernda, Vic

 

Market Overview

 

Mernda is located 30km north-east of Melbourne's Central Business District (CBD). Its local government area is the City of Whittlesea.

Mernda is one of Melbourne's fastest growing suburbs undergoing rapid residential development providing new homes to a diverse range of groups including young and established families. The suburb has surrounding rural areas.

 

 

People

Families with children are the main household group in Mernda. There are also a significant number of couple-only households, including younger couples planning to have a family.

 

Lifestyle

Mernda offers a range of housing, social, recreation, educational facilities and amenities including the Mernda Villages Shopping Centre and easy access to the Westfield Plenty Valley Shopping Centre and the Pacific Epping Shopping Centre.

 

Homes

New homes dominate Mernda’s housing stock

Demand & Demographics

 

Population

The nature and size of the local population, both now and in the future, is a key driver of property demand. Better understanding the local population can assist property buyers to make better decisions.

People



  • Total Population

    6,508

  • Female

    3,297

  • Male

    3,211

  • Median Age

    29

Family Composition



  • Families

    1,880

  • Children per family

    1.8

Occupation



  • Total Employed

    3,401

  • Top Occupation

    Professionals

  • Top Occupation % Share

    17.8%

Income $/week



  • Personal

    $772

  • Family

    $1,744

  • Household

    $1,597

 

Family composition



  • Couple without Children

    629

  • Couple with Children

    976

  • One Parent Family

    244

Age



  • Top age group

    25-29

  • Top age number

    875

  • Top age group % share

    13.5%

Industry of employment



  • Top Industry

    Hospitals

  • Total Workers (in top industry)

    163

  • Share of Employment

    4.5%

Supply & Dwellings

 

Dwelling Type (number)



  • Detached houses

    2,105

  • Semi-detached houses

    109

  • Flats, units or apartments

    7

Dwelling tenure (number)



  • Owned outright

    274

  • Owned with a mortgage

    1,503

  • Rented

    409

Sales Market

 

Property Market Indicator


  • Average days on market

    71

 

Prices


More about this Suburb ?

  • 3.97%

    Median Price Annual Change (10 years)

  • 11.60%

    Price Change (1 Year)

  • $356

    Median Rent per week

  • 3.95%

    Gross Rental Yield

  • 0.00%

    Median Price Annual Change (10 years)

  • 4.95%

    Price Change (1 Year)

  • $311

    Median Rent per week

  • 5.03%

    Gross Rental Yield

 

Rental Market

 

Mernda, Vic Rent

$356 PW

Rental Growth and Yield

Gross Rental Yield
3.95%
Change in Rental Rate (1 Year)
3.41%
Gross Rental Yield
5.03 %
Change in Rental Rate (1 Year)
6.95 %
Data Disclaimers

Infrastructure, Jobs & Planning

 

Location & Convenience


Distance to

 

Mernda Strategy Plan

The Mernda Strategy Plan aims to create a series of new communities that will include new residential estates to meet future housing needs and foster economic development, environmental preservation and social progress.

 

Mernda Rail Extension

The South Morang rail line will be extended to Mernda to cater for significant population growth in Melbourne’s north.

 

 

Roads & Public transport

 

 

Bus

562 - Northland SC - Whittlesea via South Morang Station
572 - University Hill to Doreen

 

Tram

 

Train

 

Roads

Plenty Road

Victorian data sourced from Public Transport Victoria (PTV) and VicRoads
Queensland data sourced from Queensland Government and TransLink

 

Employment Centres

 

The development of the proposed Mernda Township Centre and associated businesses will bring employment opportunities to the area.

Plan Melbourne, the metropolitan planning strategy, establishes five new sub-regions to achieve a better balance between jobs and population growth across the city. Mernda is located in Melbourne's northern sub-region.

Places of state significance in the northern sub-region with significant implications for employment include:

National employment cluster – La Trobe (emerging)
Metropolitan activity centres – Broadmeadows, Epping, Lockerbie (future)
State-significant industrial precincts – Northern and identified future industrial precincts
Transport gateway – Melbourne Airport
Health and/or education precincts – Austin Hospital, Northern Hospital, Craigieburn Health Service, La Trobe University, University Hill (includes RMIT Bundoora campuses).

Source: Australian Bureau of Statistics (ABS) 2011.