Merricks
VIC, 3916
-
Mornington Peninsula
Thinking about buying in Merricks? Now could not be a better time, with just 178 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $4,828,000 with prices in this suburb ranging from $948,000 to $11,064,000. Merricks is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
Household Makeup
| Median Weekly Rent | $436.00 |
| Median Monthly Mortgage | $1700.00 |
| Median Persons Per Bedroom | 0.60 |
| Average Household Size | 2.00 |
| Average Age | 62.00 |
| Average Income | $843.00 |
| Average Cars Per Dwelling | 1.67 |
| Average Properties Within 50M | 2 |
Housing Stock
Average Property Prices
| 1 Bed $4,894,000 |
| 2 Bed $1,822,000 |
| 3 Bed $4,690,000 |
| 4 Bed $5,213,000 |
| 5 Bed $4,894,000 |
| 6 Bed+$5,980,000 |
Merricks Real Estate Market Outlook
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Merricks ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Merricks provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Merricks to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Merricks the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Local Schools
Balnarring Primary School
(While the above schools are located with the suburb of Merricks there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Merricks weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.4 | 13.8 | 24.7 | 46.6 | 86.5 | 3.6 | 24.7 |
| Feb | 1.2 | 14.3 | 25.8 | 44.2 | 86.2 | 3.3 | 20.3 |
| Mar | 1.4 | 13.0 | 23.6 | 46.4 | 87.1 | 3.0 | 15.4 |
| Apr | 2.1 | 10.5 | 20.0 | 52.2 | 89.5 | 2.7 | 11.9 |
| May | 2.4 | 8.4 | 16.7 | 57.8 | 89.3 | 2.9 | 8.4 |
| Jun | 2.4 | 6.4 | 14.3 | 63.7 | 90.3 | 2.6 | 7.2 |
| Jul | 2.0 | 6.2 | 13.7 | 61.4 | 88.7 | 3.1 | 7.4 |
| Aug | 2.2 | 6.8 | 14.6 | 55.4 | 87.9 | 3.5 | 10.2 |
| Sept | 2.4 | 7.8 | 17.2 | 49.7 | 88.6 | 3.5 | 14.4 |
| Oct | 2.2 | 9.1 | 19.1 | 49.8 | 88.7 | 3.4 | 19.2 |
| Nov | 2.1 | 11.0 | 21.1 | 50.6 | 88.6 | 3.2 | 22.4 |
| Dec | 2.0 | 12.4 | 23.4 | 48.1 | 88.0 | 3.4 | 26.4 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Leawarra - Greater then 10KM
Somerville - Greater then 10KM
Tyabb Station - Greater then 10KM
Tankerton Jetty - Greater then 10KM
Bittern Station - Greater then 10KM
Cowes Jetty - Greater then 10KM
Moorooduc - Greater then 10KM
Mornington - Greater then 10KM
Hastings - Greater then 10KM
Stony Point Pier - Greater then 10KM
General Points of Interest
Sunny Ridge Strawberry Farm - Less than 10 KM
Hastings Pony Club - Less than 10 KM
Coolart Historic Homestead - Less than 10 KM
Hickinbotham Winery - Less than 10 KM
Rockpools - Less than 5 KM
Red Hill Bike Park - Less than 5 KM
Red Hill Estate - Less than 10 KM
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