Marlo

Marlo, VIC 3888 is a small suburb with a population of 602 residents. The age distribution is varied, with a significant number of residents aged between 45 to 64 years. The suburb offers a median household income slightly above the national average. The majority of residents commute via motor vehicles, while a notable percentage work from home. Educational opportunities are decent, with a moderate ICSEA percentile for government schools. For investors interested in houses, Marlo presents an opportunity with a high sale price IQR ratio, indicating potential for renovation and value addition. While the median growth has shown a slight decline, the suburb has seen good growth rates over the long term. The vacancy rate is low, suggesting a stable rental market. However, the rental yield is moderate. Homeowners may find the discount median appealing, as properties have room for negotiation on asking prices. Marlo, VIC 3888 offers a laid-back lifestyle in a small community setting. Investors eyeing houses can explore opportunities for renovation and long-term growth. Homeowners may appreciate the stable property market and potential for negotiation on prices. With a decent mix of demographics and educational facilities, Marlo provides a peaceful living environment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022