Merricks, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Merricks
VICCensus 2021 · Population 181
Merricks is a small rural community with a total population of 181 people. The median age is 57, significantly higher than the Victorian average of 38, indicating a mature population. The suburb is characterized by a high percentage of couple households without children, making up 71.4% of families. The area has a high level of home ownership, with 60.3% of homes owned outright and 33.3% owned with a mortgage. The community is predominantly Australian-born, with 81.5% of residents born in Australia.
Key Highlights
- Highly educated population - 43.2% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,750 weekly (vs VIC $1,759)
- Predominantly owner-occupied housing - 93.6% owned
- Significant work-from-home culture - 44.7% work from home (vs VIC 25.7%)
- Low unemployment rate - 4.3% (vs VIC 5.0%)
Things to Consider
- Higher median age may not suit younger families
- Limited rental market with only 7.7% of properties rented
- Predominantly English-speaking, which may not suit diverse linguistic needs
- High median monthly mortgage - $3,500
- Limited public transport options
What's it like living here?
Daily life in Merricks is likely to be quiet and community-focused, with a significant portion of the population working from home (44.7%). The area has a rural charm with a focus on agricultural industries, such as beef cattle farming. Commuting is primarily done by car, with 39.4% of residents driving to work, though a large percentage work from home.