All About Merrimu, Moorabool, VIC, 3340

Merrimu, located in the Moorabool Shire of Victoria, is a serene and picturesque area that offers a unique blend of semi-rural charm and convenient access to urban amenities. The housing market in Merrimu is characterized by a range of property types, from quaint country cottages to sprawling acreage properties. The area's appeal lies in its tranquil setting and the spaciousness that comes from living outside the hustle and bustle of the city. Over the past few years, Merrimu has experienced gradual growth in its housing market, driven by an increasing number of people seeking a quieter lifestyle within commuting distance to Melbourne. Prices have seen a modest increase, reflecting the demand for properties that offer both natural beauty and accessibility.

Living in Merrimu provides residents with a peaceful environment, ideal for families and individuals who appreciate nature and outdoor activities. The community is tight-knit, with a friendly and welcoming atmosphere that makes it easy for newcomers to feel at home. Residents enjoy access to local parks, walking trails, and the nearby Werribee Gorge State Park, offering ample opportunities for hiking and recreational pursuits. While Merrimu offers a sense of seclusion, it is conveniently located near Bacchus Marsh, where you can find essential services, shopping, and schools. Overall, Merrimu presents a desirable mix of rural tranquility and accessibility, making it an appealing choice for those looking to escape city life while maintaining connections to urban conveniences.

Merrimu Real Estate Market Outlook

Thinking about buying in Merrimu? Now could not be a better time, with just 168 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,390,000 with prices in this suburb ranging from $489,000 to $2,468,000. The aproximate distance to the coast is 35 Km.

Consistent high demand relative to supply is a key feature in Merrimu driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Merrimu are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Merrimu classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Merrimu 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 Merrimu 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 Merrimu 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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