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Merricks Beach
VIC, 3926 - Mornington Peninsula

Thinking about buying in Merricks Beach? Now could not be a better time, with just 294 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,579,000 with prices in this suburb ranging from $701,000 to $5,880,000. Merricks Beach 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 $451.00
Median Monthly Mortgage $1873.00
Median Persons Per Bedroom 0.60
Average Household Size 2.00
Average Age 60.00
Average Income $949.00
Average Cars Per Dwelling 1.85
Average Properties Within 50M 7

Housing Stock

Average Property Prices

1 Bed  $2,258,000
2 Bed  $1,483,000
3 Bed  $2,082,000
4 Bed  $2,610,000
5 Bed  $2,696,000

Merricks Beach 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. 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 Merricks Beach due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Merricks Beach provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Merricks Beach requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Merricks Beach we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Merricks Beach a better buying opportunity than it may have been in the past.


Local Schools

Balnarring Primary School

(While the above schools are located with the suburb of Merricks Beach there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Merricks Beach 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
Jan1.413.824.746.686.53.624.7
Feb1.214.325.844.286.23.320.3
Mar1.413.023.646.487.13.015.4
Apr2.110.520.052.289.52.711.9
May2.48.416.757.889.32.98.4
Jun2.46.414.363.790.32.67.2
Jul2.06.213.761.488.73.17.4
Aug2.26.814.655.487.93.510.2
Sept2.47.817.249.788.63.514.4
Oct2.29.119.149.888.73.419.2
Nov2.111.021.150.688.63.222.4
Dec2.012.423.448.188.03.426.4

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Balnarring BeachMerricksPoint LeoBalnarringSomersRed Hill SouthMerricks NorthShorehamHmas CerberusBittern

Public Transport


General Points of Interest

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