Nillumbik · 3754
Mernda, VIC
listings tightening 7.0% YoY, population +7.8% (5y).
NextSuburb scoreTier C
52Average
Median house
$679k
5y growth
4.2%/yr
Gross yield
2.9%
Vacancy
1.3%
Stable entry · room to scaleHigh confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)4.2%/yr42/100
- Population growth+7.8% (5y)78/100
- Supply tightening-7.0% YoY85/100
- Rental yield2.9%58/100
- Rental demand1.3% vacancy68/100
- Income growth+17.0% (5y)68/100
- Construction pipelineno nearby pipeline0/100
- Affordability55% under cap55/100
Why this score
Mernda scores 52/100 (Average). The two strongest signals: 7.8% population growth over five years and 17.0% income growth. The standout watch-out: no major construction project was found within the suburb's catchment.
Drivers
- Supply tightening-7.0% YoY
- Population growth+7.8% (5y)
- Income growth+17.0% (5y)
- Tight rentals1.3%
Risks
- No major construction project in this state
Nearest infrastructure
North East Link — Bulleen20.3 km away
Construction · $16.5bn · completion 2028
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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