Avoca

Avoca, VIC 3467 is a small suburb with a population of 1,356 residents. The demographic data shows a mix of age groups, with the highest representation in the 65 years and over category. The top occupations in the area include Managers, Technicians and Trades workers, and Community and Personal Service Workers. The suburb offers a median household income slightly below the national average. Residents commonly commute by motor vehicle, while a notable percentage also work from home. Government school educational advantage, as indicated by the ICSEA percentile, is relatively lower at 29.0. For property investors interested in houses in Avoca, the suburb exhibits moderately high buyer demand with a market absorption rate at 11.5%. The sale price IQR ratio of 39.9% suggests potential opportunities for renovation projects. The suburb has shown modest median price growth over the years, making it an area to keep an eye on for long-term capital growth potential. With a rental yield of 4.6% and a rental price median of $360 per week, Avoca can be considered for investors looking for steady rental returns. Avoca, VIC 3467, offers a peaceful lifestyle with a mix of age groups and a range of occupations present in the community. The suburb's property market, especially houses, presents opportunities for both homebuyers and investors. With its affordable median household income and rental prices, along with a growing population, Avoca shows promise for future property value appreciation. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022