Mernda, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Mernda
VICCensus 2021 · Population 23,367
Mernda is a suburb with a population of 23,367, characterized by a relatively young median age of 33, compared to the Victorian average of 38. The suburb has a strong family presence, with 57.0% of households being couples with children, significantly higher than the Victorian average. The area is predominantly made up of separate houses, accounting for 89.4% of the housing stock, which is higher than the state average of 73.4%. The median household income in Mernda is $2,011 per week, which is above the Victorian average of $1,759.
Key Highlights
- Young population with a median age of 33 (vs VIC 38)
- High family presence with 57.0% couples with children
- Above average household income at $2,011 weekly (vs VIC $1,759)
- Predominantly separate houses at 89.4% (vs VIC 73.4%)
- High labour force participation at 71.0%
Things to Consider
- Unemployment rate at 5.7%, slightly above the VIC average of 5.0%
- Lower percentage of work-from-home at 20.5% compared to VIC 25.7%
- Higher percentage of single-parent households at 16.6%
- Relatively high median monthly mortgage of $1,937
- Lower percentage of homes owned outright at 14.3%
What's it like living here?
Daily life in Mernda is family-oriented, with many residents commuting by car, as 57.6% drive to work. The suburb has a moderate level of work-from-home arrangements at 20.5%, slightly below the Victorian average. The community has a diverse cultural background, with 38.4% of residents born overseas, slightly above the state average. Mernda offers a suburban feel with a mix of cultural influences, making it a vibrant place for families.