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Suburb Insights ยท VIC 3754

Mernda 3754, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Mernda is a regional centre in Victoria, Australia, with a population of approximately 23,369, making it a sizeable community. Located approximately 27 km from the Melbourne CBD, Mernda is a regional area in Victoria. The median household income is $104,572 AUD per year (ABS 2021 Census).

Investment Score

65 / 100 Good

Mernda benefits from a high-income resident base, supporting premium property pricing. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Mernda, Victoria, Australia.

Key Indicators

Postcode
3754

Official Australia Post postcode for Mernda. A postcode may cover multiple suburbs.

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Population
23,369

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$381/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$104,572/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
27 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
6

Estimated 6 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
9

Estimated 9 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,937/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
85% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Mernda serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $381/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,937/month. A median household income of $104,572/year supports premium property values and indicates a well-employed resident base. 85% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Mernda over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Mernda can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Mernda may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Mernda property

Full Property Analysis

30-year projections for Mernda

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Moderate

Mernda faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental market in Mernda should see steady occupancy, with moderate upward pressure on rents. Mernda offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Mernda a good suburb for investment?

Mernda is a regional area in Victoria with a population of 23,369. The median rent is $381/week and the median household income is $104,572/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Mernda?

Key demand drivers in Mernda include regional employment hubs, lifestyle, and affordability. 85% of dwellings are separate houses. The area has approximately 6 schools and 9 parks nearby.

What is the population of Mernda?

According to the ABS 2021 Census, Mernda has a population of approximately 23,369. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Mernda from the Melbourne CBD?

Mernda is approximately 27 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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