Auction Times
Sat 6 Feb | Auction Time | Agency | |
|---|---|---|---|
 | 4 Shanks Way 5 2 2 House | 12:00 PM Sat 6th Feb | Ray White |
Median Sale Price
House
$570K
Updated on Dec 2020
2 BR $361K | 3 BR $520K | 4 BR $613K |
Unit
$461K
Updated on Dec 2020
1 BR - | 2 BR $385K | 3 BR $465K |
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 | $685,000 | 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 | $545,000 | +18.6% | $311,500 | $970,000 | 360 |
| 2018 | $585,000 | +6.8% | $392,500 | $1,900,000 | 309 |
| 2019 | $555,000 | -5.4% | $275,000 | $1,352,500 | 314 |
| 2020 | $570,000 | +2.6% | $348,000 | $6,550,000 | 297 |
| 2021 | $580,000 | +1.7% | $360,000 | $855,000 | 16 |
Median Sale Price
$571K
Based on 301 recorded sales within the last 12 months
Updated on 24 Jan 2021
Suburb Growth
+2.7%
Current Median Price: $570,609
Previous Median Price: $555,000
Based on 613 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Dec 2020)
Price Range Segments (12 months ending Dec 2020)
Median Weekly Rent Price
House
$390
Updated on Dec 2020
2 BR $335 | 3 BR $370 | 4 BR $400 |
Unit
$350
Updated on Dec 2020
1 BR $310 | 2 BR $330 | 3 BR $360 | 4 BR $378 |
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 | $575 | 514 |
| 2016 | $360 | +2.8% | $265 | $550 | 554 |
| 2017 | $375 | +4.0% | $270 | $1,564 | 484 |
| 2018 | $390 | +3.8% | $305 | $650 | 503 |
| 2019 | $390 | 0.0% | $185 | $1,651 | 466 |
| 2020 | $400 | +2.5% | $235 | $650 | 392 |
| 2021 | - | - | - | - | - |
Median Rent Price
$400
per week
Based on 355 recorded rent within the last 12 months
Updated on 24 Jan 2021
Rent Price Growth
+1.3%
Current Median Rent: $400
Previous Median Rent: $395
Based on 826 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.6%
Current Median Price: $570,609
Current Median rent: $400
Based on 656 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Dec 2020)
Auction Results For Mernda
Houses sold in Last 12 months ends 23 Jan 2021
$620K
Median Sale Price
81%
Clearance Rate
92/114
Sold/Reported
$1.9M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.8 M - $2 M | 1 | |
| $1 M - $1.2 M | 2 | |
| $800 K - $1 M | 7 | |
| $600 K - $800 K (Median Price Range) | 39 | |
| $400 K - $600 K | 37 | |
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 |