Merrimu, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Merrimu
VICCensus 2021 · Population 396
Merrimu is a small rural suburb with a total population of 396 people. The median age is 39, slightly above the Victorian average of 38. The community is predominantly male, with males making up 52.3% of the population. Families form a significant part of the community, with 55.8% of households being couples with children. The suburb has a high percentage of family households at 87.3%, and the average household size is 3.3 people.
Key Highlights
- High median household income of $2,441 per week, significantly above the Victorian average of $1,759.
- Low unemployment rate of 3.1%, compared to the Victorian average of 5.0%.
- 100% of housing consists of separate houses, indicating a spacious living environment.
- High percentage of high-income households at 41.3%.
- Predominantly English-speaking community with 82.9% speaking only English at home.
Things to Consider
- Lower percentage of residents with a bachelor's degree or higher at 15.7%, compared to the Victorian average of 29.2%.
- Limited diversity with 80.9% of the population born in Australia, compared to 35.0% born overseas in Victoria.
- Public transport usage data is unavailable, which may indicate limited public transport options.
- Relatively high median monthly mortgage of $1,950.
- Low rental market presence with only 5.4% of properties being rented.
What's it like living here?
Daily life in Merrimu is characterized by a strong sense of community and family orientation. With 56.5% of residents driving to work, car travel is the primary mode of commuting. A notable 18.1% of the population works from home, which is lower than the Victorian average of 25.7%. The suburb's rural setting provides a quiet and serene environment, ideal for families and those seeking a peaceful lifestyle.