Merrimu

Merrimu, VIC 3340 is a small suburb with a population of 397 residents. The age distribution is relatively balanced, with a mix of age groups represented. The median household income is above average, indicating a relatively affluent community. The suburb has a diverse range of occupations, with managers, professionals, and technicians/tradeworkers being the top three. For investors interested in houses in Merrimu, the suburb has shown a steady growth in median sale prices over the years. With a low saleprice IQR ratio, it may be a good suburb for finding renovators. The high market absorption rate and online search interest suggest high demand, potentially leading to future price appreciation. Merrimu, VIC 3340 offers residents a peaceful lifestyle within a close-knit community. The suburb is characterised by its affluent demographics and diverse range of occupations. For property investors interested in houses, Merrimu presents a promising opportunity with its growing property prices and high demand in the market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022