Mernda vs St Germains
Property investment comparison - Mernda, VIC 3754 vs St Germains, VIC 3620
Head-to-head across core investment metrics: Mernda wins 2, St Germains wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Mernda | St Germains |
|---|---|---|
| Median house price | $750K | $750K |
| Median unit price | $500K | $350K |
| Gross rental yield (houses) | 3.81% | 3.56% |
| Gross rental yield (units) | 4.95% | 4.60% |
| 1-year house growth | +4.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 2.0% | 0.4% |
| Population | 23,369 | 75 |
Mernda vs St Germains: what the numbers say
Houses cost about the same in both suburbs: the median house price is $750K in Mernda and $750K in St Germains.
For units, Mernda sits at a median of $500K against $350K in St Germains, which makes St Germains the more affordable unit market and Mernda the pricier one.
On cash flow, Mernda leads: houses there return a gross rental yield of 3.81%, compared with 3.56% in St Germains, a gap of 0.25 percentage points.
Rental vacancy is 0.4% in St Germains and 2.0% in Mernda, so landlords in St Germains face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mernda is the bigger suburb, with a population of 23,369 against 75, roughly 312 times the size of St Germains; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Mernda for rental income, St Germains for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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