Beremboke

Beremboke, VIC 3342 is a small suburb with a population of 165 residents. The community primarily consists of families and older adults, with a mix of various age groups. The median household income is relatively high, indicating good socio-economic status. The suburb offers a peaceful lifestyle with a moderate level of commute via motor vehicles. The majority of residents work in occupations such as managers, technicians and trade workers, and clerical/administrative roles. With a high median house price and a significant sale price IQR ratio, Beremboke may be a suitable suburb for property developers or renovators interested in houses. The market shows a low discount median, suggesting properties are selling close to their listing prices. However, the median growth rate has seen a decline in recent years. Investors should consider the stable demand indicated by the moderate online search interest and the manageable stock on market rate. Beremboke, VIC 3342 offers a high-quality lifestyle for homeowners seeking a peaceful community. For property investors, particularly those interested in houses, the suburb presents opportunities for renovation or development, considering the stable market conditions and demand. It's important to be mindful of the recent decline in median growth rates when considering long-term investments. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022