Nerrena

Nerrena, VIC 3953 is a small suburb with a population of 238 residents. The demographics skew towards older age groups, with a significant number of residents aged 45 to 64 and 65 or over. The median household income is relatively high, indicating a stable economic situation. The most common occupations are managers, technicians and trades workers, and professionals. The suburb has a preference for commuting by motor vehicle, with a notable percentage working from home. For house investors, Nerrena may not be ideal based on the current property data and market performance. The sales prices have shown a downward trend over the past year, with a high median growth rate over three years. The suburb has a low stock on market rate, suggesting limited availability. The discount median is negative, indicating minimal room for negotiation. Consider the long-term historical growth rate before making a decision. Nerrena, VIC 3953 is a quiet suburb with a mature population and high median household income. The suburb may not be the best choice for house investors due to recent market trends, low affordability index, and limited property listings. Potential buyers should conduct thorough research and consider the long-term growth prospects before investing in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022