Merrigum VIC 3618

Here you can find what you need to know about Merrigum, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$183k Median Sale Price (National Average $485k) 1153rd In VIC
-7.83% Median Price Change (1 yr) (National Average 4.30%) 2546th In VIC
$205pw Median Rent (National Average $395) 1210th In VIC
5.8% Median Gross Yield (National Average 4.24%) 159th In VIC
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Properties sold 12
Average discounting -6.70%
Average Days on Market 63
Stock on Market 4 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Merrigum, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Merrigum, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Merrigum, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Merrigum


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State Auction Clearance Rates - January 2019

Auctions Clearance rate
VIC 36 29%
ACT 6 50%
NSW 26 47%
NT 1 0%
QLD 27 19%
SA 22 47%
TAS 2 0%
WA 10 20%

Local Schools


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Suburb Information

Merrigum, VIC 3618

Part of: Greater Shepparton Council No data available

The size of Merrigum is approximately 55.9 square kilometres. The population of Merrigum in 2011 was 674 people. By 2016 the population was 673 showing a population decline of 0.1% in the area during that time. The predominant age group in Merrigum is 50-59 years. Households in Merrigum are primarily couples with children and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Merrigum work in a labourer occupation. In 2011, 79.6% of the homes in Merrigum were owner-occupied compared with 78.9% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Merrigum

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Merrigum   for Houses in last 12 months


There have been 9 Houses sold in Merrigum in the past 12 months with a median sale price of $190K, up 24.59% annually. It takes on average 48 days to sell with vendor discounting of -4.76%.

Streets in Merrigum


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