Alexandra

Alexandra, VIC 3714 is a growing suburb with a population of 2801 residents. The age distribution is varied, with substantial numbers in the age groups of 45-64 years and 65 years or over. The median household income is $1,086 per week. The suburb offers a mix of occupations, including technicians and trades workers, managers, and professionals. Residents have various commuting options, with a significant portion working from home. For those interested in Houses, Alexandra presents an opportunity for potential renovation projects due to a high Sale Price IQR ratio. The suburb has a healthy median growth rate, indicating a positive outlook for property values. With a moderate market absorption rate, there is potential for steady growth. On the other hand, Units in Alexandra may appeal to investors seeking more affordable options with a focus on rental yield. The low vacancy rate and room demand-supply ratio suggest a favourable environment for rental property owners. Alexandra, VIC 3714 offers a diverse lifestyle to its residents, with a mix of occupations, good income levels, and various commuting options. The suburb presents different investment opportunities - Houses for potential renovators and steady growth, and Units for investors focusing on rental yields and a stable rental market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022