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Mepunga, VIC 3277

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$770,000

Median Unit

$375,000

Gross Yield (houses)

3.6%

1yr Growth

-

Investment snapshot for Mepunga

Mepunga has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Mepunga market and investor summary

Mepunga (VIC 3277) runs a median house price of $770K, with houses yielding a gross 3.6%. At 1.6% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.6% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.

Living in Mepunga: people, income and schools

About 36 people live in Mepunga, a number that has held fairly steady over five years. The median age is 42, skewed a little older, and families account for 77% of households.

Households here earn a median of about $89,000 a year, or roughly $1,710 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
36
+2% over 5yr
Median age
42 years
Median household income
$89,000/yr
Households renting
17%
Family households
77%
Socio-economic rank
6/10
ABS advantage index
Unemployment
2.1%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Mepunga

No properties currently listed in Mepunga

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Frequently asked questions about Mepunga

What should I check before investing in Mepunga?

Mepunga has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.2%, before expenses, tax and loan costs. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Mepunga?

The median property price in Mepunga, VIC 3277 is $770K for houses and $375K for units.

What rental yield does Mepunga show?

The gross rental yield in Mepunga is 3.6% for houses and 6.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

How tight is the rental market in Mepunga?

The current vacancy rate in Mepunga is 1.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Mepunga?

Mepunga has a population of approximately 36 residents, with a median age of 42.

Is Mepunga affordable to buy in?

A median house in Mepunga costs about 8.7 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Mepunga's population growing?

The population of Mepunga has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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