Breakwater

BREAKWATER, VIC 3219 is a suburb with a population of 1060 residents. The majority of residents are aged between 20 to 64 years, with a good mix of occupations including technicians and trade workers, community and personal service workers, and professionals. The suburb has a low proportion of social housing and a high percentage of residents commute by motor vehicle. For Houses in BREAKWATER, VIC 3219, there is a healthy median growth rate over the past 10 years, indicating a potential for long-term capital gains. The sale price IQR ratio suggests it could be suitable for renovators. With a vacancy rate below 1% and a high room demand-to-supply ratio, there is strong demand for rental properties. For Units, although the median growth has been negative in the short term, the long-term growth rate is positive. The sale price IQR ratio indicates good opportunities for renovations and potentially higher returns. BREAKWATER, VIC 3219 offers a diverse demographic mix with good educational and employment opportunities. For property investors, both Houses and Units present opportunities with the potential for capital growth and high demand for rental properties. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022