Strathmerton

Strathmerton is a small suburb with a population of 1072 residents. The age groups are well-distributed, with a slightly higher proportion of residents aged 5 to 19 years and 45 to 64 years. The suburb offers a median weekly household income of $1,404. The most common occupations include Managers, Technicians and Tradesworkers, and Labourers. Residents mostly commute by motor vehicle or work from home. The ICSEA percentile for government schools is 20.0, indicating an average level of educational advantage for students. For potential homebuyers, Strathmerton offers a high rental yield, low vacancy rate, and a strong median growth rate. The suburb has a low discount median and a reasonable days on market indicative of high demand. With a potentially good portion of renovators due to the high Saleprice IQR Ratio, it could be a suitable location for property developers looking to renovate and sell houses. The suburb also has positive median growth rates over various timeframes. Strathmerton, VIC 3641, is a small suburb with a diverse age demographic and a focus on family-oriented occupations. The area provides a decent income level, along with a good mix of educational and transport infrastructure. For investors and property developers, the suburb presents opportunities for high rental yields, steady growth rates, and potential for property renovation projects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022