Merricks

MERRICKS, VIC 3916 is a small suburb with a total population of 184 residents. The age distribution is varied, with a significant portion of the population being aged between 45 to 64 years. The median mortgage repayment and rent are relatively high compared to the median household income. The suburb has a mix of occupations, with managers and professionals being the most prominent. The majority of residents commute by motor vehicle or work from home. Given the high median mortgage repayment and rent compared to income, property investment in MERRICKS may be more suitable for investors seeking long-term capital growth rather than immediate rental yield. The high percentage of residents working from home indicates a potential shift in housing preferences towards properties suitable for remote work. MERRICKS, VIC 3916 offers a lifestyle suited for residents in their middle to older age groups, with a focus on managerial and professional occupations. Property investors should consider the long-term capital growth potential and the increasing trend of remote work when evaluating investment opportunities in the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022