Ardmona

ARDMONA, VIC 3629 is a small suburb with a population of 497 residents. The area has a mix of age groups with slightly higher numbers in the 5 to 19 years and 45 to 64 years categories. The median household income is $1,762 weekly, and the residents have various occupations with Managers, Professionals, and Technicians and Tradesworkers being the top three. The suburb offers a good balance between commuting options, with many residents driving to work and some opting to walk or work from home. The suburb has a low ICSEA value indicating lower educational advantage in government schools compared to other areas. For potential property investors or developers interested in Armona, it is important to note that the housing market shows limited sales activity with only one sale recorded. The median house sale price falls within a narrow range and has seen negative growth trends. The suburb also has a high rental ratio, making it potentially attractive for landlords. The area's building approvals show moderate activity, indicating some development potential. Moreover, the residents' median income levels and occupations suggest a mix of working-class and middle-class demographics that could impact rental demand and property prices. ARDMONA, VIC 3629 offers a quiet residential lifestyle with limited housing market activity but potential for rental investment opportunities given its rental ratio and demographics. The area may appeal to investors looking for long-term rental returns or developers interested in moderate building activity. Homebuyers considering the suburb should factor in the stagnant property market and negative growth trends in median house prices. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022