The Metung suburb profile highlights a serene lakeside community known for its relaxed lifestyle, demographic stability, and favorable property market. Find key insights into the demographic trends and real estate market in Metung.

• The median sale price for houses in Metung is $520k according to DataVic.
• Metung has a population of 1,899 with a median age of 60.0, as per the ABS Census 2021.
• Median household income in Metung is $1,219 per week according to the ABS Census 2021.

What do the numbers say in Metung?

According to the latest DataVic and REIV figures, Metung’s median sale price for houses is $520,000 (Apr-Jun 2025 Quarter), reflecting a quarter-on-quarter decline of 23.0% and year-on-year decrease of 21.8%. The median sale price for land currently stands at $200,000, with a quarterly drop of 20.1% and a yearly decline of 9.2%. These figures highlight a period of market correction, offering potential opportunities for investors and buyers eyeing land acquisitions.

Demographically, Metung is defined by its small population of 1,899 residents, with a median age of 60.0 years. As detailed in the ABS Census 2021, the suburb boasts a median household income of $1,219 per week, with median weekly rent at $346.

What are the key considerations?

For those considering investing in Metung, the relatively higher median age suggests a population leaning towards retirement or semi-retirement, ideal for those seeking a quiet, community-oriented environment. On the other hand, with an aging demographic, there may be a future demand for amenities catered towards seniors.

Additionally, the presence of natural landscapes like the Gippsland Lakes adds considerable lifestyle value, attracting nature lovers and those preferring a slower pace of life. As noted in our Kilsyth suburb profile, understanding local demographics and their implications can provide nuanced insight into community needs.

How does Collings help?

Collings Real Estate offers precise data analysis and market intelligence for Metung and other suburbs. By leveraging the latest insights from our CRM brain, we help potential buyers and investors understand market conditions, such as those discussed in our Cobram suburb profile. Our team can assist in locating off-market opportunities and optimizing investment strategies.

If you’re considering buying in Metung, our property strategists are equipped to guide you through understanding the suburb intelligence and making informed decisions. Learn about the unique lifestyle offered in Metung and how it lines up with your personal goals.

Ready to explore more? Sign up on our portal or talk to a Collings property strategist by calling 03 9486 2000.

Frequently asked questions

What is the lifestyle like in Metung?

Metung is known for its serene lakeside living, attracting retirees and those seeking tranquility. The community-focused atmosphere and natural beauty make it ideal for relaxation.

How has the property market in Metung changed?

There has been a notable decline in property sale prices in recent quarters, with the median house price currently standing at $520,000. This presents buying opportunities in a correcting market.

Who should consider living in Metung?

Retirees and nature enthusiasts will find Metung appealing due to its slow-paced lifestyle and proximity to natural landmarks like the Gippsland Lakes.