Bungaree

Bungaree, VIC 3352 is a small suburb with a population of 302 residents. The age group distribution is diverse, with a significant number of residents aged between 45 to 64 years. The median household income is above the national average, and the suburb offers a good mix of occupation types, with managers, professionals, and technicians being the top three occupations. Residents have various commuting options, with a notable percentage opting to drive to work. For Houses: Bungaree demonstrates a stable property market with a high median growth rate, indicating good potential for capital growth. The suburb has a low stock on market rate, suggesting limited supply contributing to potential future price increases. The room demand-supply ratio is balanced, indicating moderate demand. Additionally, the suburb has shown consistent population growth over the years. For Investors interested in renovating, the high sale price IQR ratio may present opportunities. Consider the consistent growth rates and room for improvement in this market. For Units: No data available for units in Bungaree. Bungaree, VIC 3352 is an appealing suburb for homeowners and investors interested in the housing market. With a stable property market, consistent population growth, and a good mix of demographics, the suburb offers a promising environment for potential capital growth. Residents enjoy a peaceful lifestyle with a range of commuting options, while investors can consider the suburb for its growth potential and opportunities for renovation projects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022