Avalon

Avalon, VIC 3212, is a small suburb with a population of 255 people. The residents have a diverse age distribution, with a significant portion falling in the 45-64 years age group. The suburb has a high percentage of residents commuting by motor vehicle and a notable proportion working from home. The median household income is above average, indicating a relatively affluent community. For houses in Avalon, the suburb presents an opportunity for renovation as indicated by the high sale price IQR ratio. The market shows a slight downward trend in the 3-year median price growth but a significant increase in the 5-year growth rate. The discount median suggests some negotiation room for buyers. The suburb's online search interest is relatively high, potentially indicating strong buyer demand. Avalon offers a peaceful lifestyle for its residents with good income levels and a mix of occupations. For property investors interested in houses, the suburb's potential for renovation projects, gradual price growth, and buyer interest make it a suburb worth considering for long-term investment strategies. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022