All About Merricks Beach, Mornington Peninsula, VIC, 3926

Merricks Beach, located on the picturesque Mornington Peninsula in Victoria, is known for its serene coastal living and beautiful natural surroundings. The housing market in Merricks Beach is characterized by a mix of charming beach houses, modern architectural homes, and traditional country cottages, offering potential buyers a range of choices to suit different tastes and budgets. The demand for properties in this area is often high, driven by its appeal as a peaceful getaway that is not too far from Melbourne. Consequently, property prices can be on the higher side, reflecting both the desirability of the location and the limited availability of homes in this small, tightly-knit community.

Living in Merricks Beach offers a tranquil lifestyle with a strong connection to nature. Residents enjoy easy access to the beach, where they can partake in various outdoor activities such as swimming, fishing, and coastal walks. The community atmosphere is welcoming and laid-back, with an emphasis on preserving the natural environment and local traditions. The area is surrounded by vineyards, farms, and bushland, providing a rural feel while still being within reach of the amenities and attractions of the broader Mornington Peninsula region. Overall, Merricks Beach is ideal for those looking to escape the hustle and bustle of city life and embrace a more relaxed and nature-focused way of living.

Merricks Beach Real Estate Market Outlook

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

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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