Aberfeldie

With a population of 3,925, Aberfeldie has a diverse mix of age groups, with a significant number of residents aged between 5 to 19 years and 45 to 64 years. The suburb offers good employment opportunities, with a notable presence of professionals, managers, and clerical and administrative workers. Residents have various commuting options, with a considerable number working from home. For houses, Aberfeldie presents a suburb with high demand as indicated by its low vacancy rate and short days on market. The suburb has shown consistent growth in median prices over the past years, making it attractive for long-term investments. Additionally, the high room demand-supply ratio suggests potential for rental income. For units, despite a lower median growth rate, the market absorption rate is high, indicating strong buyer demand. The affordability index for units is low, which may attract first-time buyers or investors looking for entry-level opportunities. Aberfeldie, a vibrant suburb with a mix of age groups and strong employment opportunities, is an attractive prospect for property investment. Homeowners looking to settle in a well-connected and community-focused area will find Aberfeldie appealing, while property investors can leverage the suburb's growth potential and high demand for both houses and units. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022