Metung

Metung, VIC 3904 is a small suburb with a population of 1,899 residents. The majority of residents are aged 45 years and over. The median household income is $1,219 per week. The suburb offers a mix of occupations, with a significant number of managers, professionals, and technicians/tradeworkers. Residents often commute by motor vehicle, while a notable portion work from home. The suburb has a moderate ICSEA percentile for government schools at 62.0. For house investors, Metung presents a stable market with a good rental yield. The high Sale Price IQR Ratio suggests potential for renovators. However, the market absorption rate is relatively low, hinting at a buyer's market. For unit investors, the suburb offers a high yield. The significant Sale Price IQR Ratio might indicate options for adding value through renovations. The low vacancy rate and room demand-supply ratio showcase a favourable rental market for units. Metung, VIC 3904 is a quiet suburb popular among retirees and professionals. The property market is stable, with potential for renovations to increase value. Investors can find good rental yields, especially in the unit segment. The suburb's demographics skew towards older age groups, and residents enjoy a moderate level of educational advantage. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022