Barrabool

Barrabool, VIC 3221 is a small suburb with a population of 247. The area has a mix of age groups, with a slightly higher proportion of residents aged 45 to 64 years. The median household income is moderately high and residents mainly work in managerial, professional, and technician/tradeworker occupations. Commuting by motor vehicle is the most common mode of transport, but a significant portion of residents also work from home. Barrabool's housing market is characterized by a low number of property sales and a high median sale price with minimal price fluctuation. The suburb has shown negative growth in house prices over the past 5 and 10 years. With a low rental ratio and limited stock on the market, Barrabool may not be the ideal location for property investors looking for rental yield. However, the stability in prices may offer opportunities for long-term capital growth or for homebuyers seeking a quiet residential area. Barrabool, VIC 3221 offers a peaceful lifestyle for residents with a high level of educational advantage. The suburb's housing market, while stable with a high median price, may be more suitable for homebuyers seeking long-term capital growth rather than investors focused on rental yield. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022