Borung

BORUNG, VIC 3518 is a small suburb with a population of 59 residents. The demographic age group is spread across various brackets, with a notable percentage of residents aged 45 years and over. The suburb has a relatively high ratio of residents commuting via motor vehicles. WFH is popular among a modest portion of the residents. The dominant occupations include Managers, Technicians and Tradesworkers, and Community and Personal Service Workers. For house buyers or investors interested in BORUNG, VIC 3518, the market shows promising growth potential based on the high median growth rates. The suburb has a low affordability index, indicating relatively higher property prices, but also exhibits stable property prices over the years. With a decent rental demand reflected in the rented ratio and attractive growth rates, BORUNG could be considered for long-term investment. BORUNG, VIC 3518 is a small suburb with a mix of age groups, predominantly occupied by residents aged 45 years and over. The suburb offers potential for property buyers and investors, particularly for those seeking long-term growth opportunities in the housing market. With stable property prices and a growing rental demand, BORUNG presents a promising investment prospect for interested individuals. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022