Merrigum, located in the Greater Shepparton region of Victoria, presents a unique housing market characterized by its rural charm and relative affordability compared to urban centers. This small town offers a range of housing options, from classic family homes to more expansive properties that provide plenty of space both indoors and out. Over recent years, Merrigum has garnered attention from buyers seeking a quieter lifestyle, while still being within reach of Shepparton’s amenities. The market here tends to cater to families and retirees looking for a peaceful environment, alongside investors eyeing the potential for growth in regional areas. With a steady, yet not overly competitive market, Merrigum is an attractive option for those wanting to escape the hustle of city living without entirely sacrificing convenience.
Living in Merrigum is synonymous with embracing a laid-back, community-focused lifestyle. Residents often enjoy a close-knit community vibe, where neighbors frequently engage in social and recreational activities together. The town, immersed in agricultural surroundings, provides a serene and picturesque setting, making it ideal for those who appreciate nature and outdoor living. While the amenities in Merrigum itself are modest, including a handful of local shops and basic services, the nearby town of Shepparton offers broader options for shopping, dining, and healthcare, ensuring that more extensive needs are easily met. The balance between rural quietude and accessibility to Shepparton's urban offerings makes Merrigum a delightful place for those seeking tranquility with the convenience of nearby city benefits.
Median Weekly Rent | $188.00 |
Median Monthly Mortgage | $867.00 |
Median Persons Per bed houseroom | 0.80 |
Average Household Size | 2.00 |
Average Age | 48.00 |
Average Income | $510.00 |
Average Cars Per Dwelling | 1.99 |
Average Properties Within 50M | 5 |
Typical 1 bed house | $400,000 |
Typical 2 bed house | $243,000 |
Typical 3 bed house | $447,000 |
Typical 4 bed house | $547,000 |
Typical 5 bed house | $1,492,000 |
Typical 6 bed+ house | $773,000 |
Housing Stock
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Thinking about buying in Merrigum? Now could not be a better time, with just 442 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $447,000 with prices in this suburb ranging from $58,000 to $2,189,000. The aproximate distance to the coast is 156 Km.
Consistent high demand relative to supply is a key feature in Merrigum driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Merrigum due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Merrigum changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Merrigum 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 Merrigum 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.
Instant Property Valuation113-117 Morrissey Street, Merrigum, VIC, 3618 | $600,000 |
Merrigum Primary School
(While the above schools are located with the suburb of Merrigum there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 15.7 | 32.8 | 23.7 | 80.9 | 3.2 | 26.4 |
Feb | 0.6 | 15.3 | 31.4 | 26.3 | 81.6 | 2.9 | 23.5 |
Mar | 1.4 | 13.1 | 27.8 | 32.0 | 86.1 | 2.7 | 18.0 |
Apr | 1.5 | 9.5 | 23.1 | 41.3 | 92.6 | 2.1 | 13.3 |
May | 1.3 | 6.3 | 17.8 | 54.5 | 97.0 | 2.1 | 9.4 |
Jun | 1.5 | 3.9 | 14.2 | 66.7 | 98.7 | 1.9 | 7.6 |
Jul | 1.3 | 3.7 | 13.8 | 66.4 | 98.6 | 2.2 | 8.4 |
Aug | 1 | 3.8 | 15 | 57.2 | 98.1 | 2.3 | 11.3 |
Sept | 1.0 | 5.6 | 18.7 | 47.2 | 97.5 | 2.4 | 16.2 |
Oct | 0.8 | 7.9 | 23.7 | 34.9 | 93.3 | 2.7 | 21.6 |
Nov | 0.8 | 10.7 | 27.3 | 27 | 89.4 | 3.0 | 24.9 |
Dec | 1.3 | 13.5 | 30.7 | 21.6 | 81.5 | 3.2 | 28.1 |
source: Australian Government Bureau of Meteorology
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