All About Merricks, Mornington Peninsula, VIC, 3916

Merricks, located on the picturesque Mornington Peninsula in Victoria, offers a unique blend of rural charm and coastal beauty, making it an attractive destination for those looking to escape the hustle and bustle of city life. The housing market in Merricks is characterized by a variety of properties, ranging from charming beachside cottages to expansive estates with panoramic views of the ocean or rolling vineyards. Over the past few years, the area has seen a steady increase in property values, driven by its reputation as a desirable getaway and the rising trend of remote working, which has allowed more people to consider Merricks as a viable place to live full-time without commuting to Melbourne.

Living in Merricks provides a serene and laid-back lifestyle, with the natural landscape playing a central role in the community's appeal. Residents enjoy a plethora of outdoor activities, including beach outings, hiking, and exploring the local wineries and gourmet food venues that dot the region. The area's relatively small population fosters a tight-knit community feel, where neighbors often know each other, and local events invite social interaction. Despite its rural setting, Merricks is within easy reach of essential amenities and services in nearby towns, ensuring that residents have access to everything they need without sacrificing the tranquil environment they value.

Merricks Real Estate Market Outlook

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

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.

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General Points of Interest

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