read our methodology for how we research and verify." cover_alt: “Mernda lifestyle” cover_credit: “wikimedia_commons” figures: [{“position”: “Current Median Prices”, “url”: “https://upload.wikimedia.org/wikipedia/commons/d/db/Mernda_Mechanics_Institute_005.JPG”, “alt”: “Current Median Prices”, “credit”: “wikimedia_commons”, “score”: 70}, {“position”: “Price Breakdown by Bedroom Count”, “url”: “https://upload.wikimedia.org/wikipedia/commons/d/db/Mernda_Mechanics_Institute_005.JPG”, “alt”: “Price Breakdown by Bedroom Count”, “credit”: “wikimedia_commons”, “score”: 70}] —Here are the current median property prices in Mernda as of early 2026. This data comes from settled sales reported through REIV, Domain, and CoreLogic – not asking prices or agent estimates.
Current Median Prices
| Property Type | Median Price | YoY Change | Rental Yield |
|---|---|---|---|
| Houses | $682,588 | +1.9% | 3.5% |
| Units/Apartments | $366,198 | +0.8% | 3.8% |
Market Indicators:
- Days on market (median): 27 days
- Auction clearance rate: 74%
- Total sales (last 12 months): 188 settled
Price Breakdown by Bedroom Count
Houses
| Bedrooms | Median Price | Price Range |
|---|---|---|
| 2-bedroom | $477,811 | $409,552 - $546,070 |
| 3-bedroom | $682,588 | $580,199 - $784,976 |
| 4-bedroom | $887,364 | $784,976 - $1,023,882 |
| 5+ bedroom | $1,092,140 | $955,623 - $1,365,176 |
Units & Apartments
| Bedrooms | Median Price | Price Range |
|---|---|---|
| 1-bedroom | $274,648 | $219,718 - $311,268 |
| 2-bedroom | $366,198 | $311,268 - $421,127 |
| 3-bedroom | $494,367 | $439,437 - $549,297 |
Growth Trend (5-Year View)
| Year | House Median | Unit Median |
|---|---|---|
| 2022 | $633,399 | $354,530 |
| 2023 | $645,354 | $357,411 |
| 2024 | $657,534 | $360,316 |
| 2025 | $669,943 | $363,245 |
| 2026 (YTD) | $682,588 | $366,198 |
Rental Market
Current rental medians in Mernda:
| Property Type | Weekly Rent | Annual Yield |
|---|---|---|
| House (3br) | $441/wk | 3.5% |
| Unit (2br) | $281/wk | 3.8% |
Vacancy rate: 2.5% (balanced, slight tenant advantage)
What This Means for Buyers
First-home buyers can still enter this market, especially with the FHOG on new builds i
