Bemm River

Bemm River, VIC 3889, is a small suburb with a population of 72. The majority of residents are aged 45 years and over, with a notable proportion being aged 65 years or above. The suburb has a mix of occupations, with the highest number of residents employed as Managers, followed by Clerical and Administrative Workers, and Sales Workers. The median household income weekly is $710, and the median rent weekly is $220. Residents mostly commute by motor vehicle. Bemm River presents a unique investment opportunity for houses. With a low median growth rate over the past year but a high 10-year compound annual growth rate, the suburb may be suitable for long-term investors seeking potential growth. The market absorption rate is high, indicating demand and the potential for property prices to rise. The affordable median house price and positive rental yield make it attractive for investors looking for rental income. Bemm River, VIC 3889, is a small suburb with an aging population and a mix of occupations. It offers a good investment opportunity for houses with its affordable median price, positive rental yield, and potential for long-term growth. The high market absorption rate suggests a favourable market for property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022