Property types in Mernda

Mernda is a rather small town that is considered a suburban district of Melbourne. With a population of just over six thousand inhabitants and found approximately thirty kilometres northeast of the business centre of Melbourne, Mernda was first settled during the last decade of the 19th century. Its interesting name is actually derived from a local word roughly translated as earth. It has held this title since 1913.

While its population may hint otherwise, Mernda enjoys the reputation of being one of the fastest-growing suburban regions in all of Victoria. This is due to various transportation options to nearby Melbourne as well as rather amenable housing prices. As a sign of this heightened interest, there is a proposition to reconnect Mernda via rail to Melbourne by the year 2027. While this notion was initially embraced, many now feel that the project should be completed by 2014, as the rising population and resultant highway congestion is proving frustrating to many residents. Also, this rail system will naturally spur further outside investment interest and development in the region.

Still, there are already a number of housing estates currently under construction in Mernda and nearby regions. Some examples of these projects include Mernda Villages, Everton Gardens, Woodland Waters, Riverdale and Renaissance Rise.

A number of additional features allow Mernda to prove quite popular within the younger demographic; in particular the fact that is is no less than ten minutes away from two universities and hosts a number of primary schools.

These are a handful of reasons that many real estate investors are keen to capitalise on such a growing market. As urban sprawl and a population rise continue to cause residents of Melbourne to search for outside residences, it can only be expected that the allure of Mernda and surrounding towns will increase into the future.