Marengo

Marengo, VIC 3233 is a small suburb with a population of 272 residents. The age group of 65 years and over holds the largest share of the population. The median household income weekly is $1,292, and the median mortgage repayment monthly is $2,000. The suburb has a good mix of occupations, with the top three being Managers, Professionals, and Labourers. A significant portion of residents prefer to commute by motor vehicle. Marengo, VIC 3233 presents an opportunity for property investors interested in houses. The suburb has shown above-average growth rates in estimated resident population over the past 5 and 10 years. With a high median growth rate, low sale price discount median, and a high online search interest, Marengo may be attractive for investors seeking capital growth. The high sale price IQR ratio suggests it could also be a good area for those looking to renovate properties. Marengo, VIC 3233 offers a peaceful coastal lifestyle with a tight-knit community. The suburb's property market, particularly for houses, shows promising signs for both investors and homeowners looking to settle in a serene environment near the sea. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022