Merrigum

Merrigum, VIC 3618 is a small suburb with a population of 679 residents. The population is relatively stable, with slight growth observed over the past few years. The suburb has a mix of age groups, with a higher proportion of residents aged between 45 to 64 years. Merrigum offers a peaceful lifestyle with opportunities for walking and has a moderate WFH percentage. The suburb has a low social housing ratio and is primarily occupied by homeowners. For property investors interested in houses, Merrigum presents a potential opportunity for renovation due to the high Sale Price IQR ratio. The median growth rate is significant, indicating a strong potential for capital growth. With a healthy rental yield, investors can expect a steady income stream. The discount median suggests that well-priced properties tend to sell relatively close to the asking price, indicating a balanced market. Merrigum, VIC 3618 is a peaceful suburb offering a relaxed lifestyle for residents. It provides potential investment opportunities for property investors interested in houses, with indications of good capital growth and rental yield. The suburb's stable population and demographic mix contribute to its charm, making it an attractive option for both homeowners and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022