Dave,

This is from another forum. Hope it helps.

Regards

Graham

* * * * * * * * *
In 2005 the recorded population of Mernda was a little over 2000; during which the median house price is 310K, 240K for a unit respectively. As for the type of properties, most are old miner cottages (some more stately larger ranch-style homes) on large parcels of land, which investors are fast snapping up in view of subdividing/redeveloping for maximum profit (as one would expect).

Mernda (as with the entire 17 suburbs within its domain) will be receiving an generous injection of funds thanks to government initiatives to the tune $10 million dollars staggered over the next decade!!!

Mernda is part of Whittlesea, which is one of the fastest growing northern corridors of Melbourne. Here is a bit more on this shire:
http://www.whittlesea.vic.gov.au/co…nt.asp?cnid=949

Perhaps one of the greatest downside to Whittlesea (of which I am still inclined to refer as a “shire” as it was when I first bought land here) is that its boasts some of the most expensive council rates in Melbourne….hell you only have to look the council offices (aptly nicknamed the Taj Mahal) to see where the residents’ hard earned rates dollars are going!!!