Meeniyan

Meeniyan is a small suburb with a population of 840 residents. The population has shown steady growth over the past years. The majority of residents fall in the age group of 45 to 64 years. The suburb offers a mix of occupations, with a notable presence of managers, professionals, and technicians and tradeworkers. The median household income is above average, and many residents choose to commute by motor vehicle. There is a moderate proportion of residents working from home. Meeniyan presents a stable real estate market with a mix of housing options. For houses, there is a moderate number of properties available for sale, with a balanced supply-demand ratio. The suburb offers good rental yield potential for investors. Additionally, the high percentage of residents renting properties indicates a strong rental market. For units, the market is more limited, with higher stock on the market rate. Property prices have shown a varied growth rate over the past years, offering potential for diverse investment strategies. Meeniyan, VIC 3956, is a suburb with a growing population and a diverse community. The area provides a stable real estate market for both houses and units, with opportunities for investors seeking rental yield. The suburb's demographics reflect a mix of occupations and a higher-than-average income level, making it an attractive option for homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022