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Merrijig
AREA REPORTS

Merrijig

Merrijig - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3723

house

Property investments in MERRIJIG fare well against the rest of the country last year, registering a median home price increase of 51.45%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MERRIJIG, 3723 saw average growth in the long term.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 47.1 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $937,500.

MERRIJIG ranks 678th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.

Data report can be found below

Merrijig
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $937,500 N/A
GROWTH REPORT
Median Quarterly 0.27% N/A
Median 12 month 51.45% N/A
Median 3 years 103.36% N/A
Median 5 years 165.58% N/A
10 years average annual 18.47% N/A
Weekly media advert. rent N/A N/A
Time on Market 47.1 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
697
Weekly Household Income
899.5
Household Size
2.10
Age
31
Monthly Loan Repayment
1016
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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