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Merrylands Suburb Insights
VICLocation Information
Suburb Name
Merrylands, VIC
Distance from CBD
10.5 kmDemographics
Population
29,653
Median Income
$25,272
Area Information
Area
6.75 km²
Population Density
4393 people/km²
Property Market
Median Price
$831,560
Annual Growth
+10.8%Property Price Trend Analysis
Current Median Price
$831,560
Annual Growth
+10.8%
Quarterly Growth
+2.4%
Price Trends - Last 6 Months
2024-01
$439,396
+9.1%2024-02
$646,892
+6.6%2024-03
$980,556
+10.8%2024-04
$832,572
+15.7%2024-05
$1,160,140
+15.9%2024-06
$487,154
+15.8%Property Type Price Analysis
House
Median Price
$1,245,787
Growth Rate
+10.1%Available Listings
357 properties
Apartment
Median Price
$584,227
Growth Rate
+9.6%Available Listings
687 properties
Townhouse
Median Price
$639,222
Growth Rate
+9.2%Available Listings
58 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy