Bunyip

Bunyip, VIC 3815 is a growing suburb with a population of 3,131 residents. The age distribution is diverse, with a significant number of residents aged between 5 to 44 years. The suburb has a mix of occupations, with technicians and trade workers being prominent. Residents mostly commute by motor vehicle, followed by working from home. The ICSEA percentile for government schools is at 46.0, indicating an average educational advantage for students. For houses, Bunyip presents an opportunity for property developers or renovators due to a moderate sale price interquartile range ratio. The rental yield is at 3.5%, and the market absorption rate is 8.0%. On the other hand, units in Bunyip offer a higher rental yield of 4.9% and a market absorption rate of 16.7%. Considering the demographics and market trends, investing in units can be a lucrative option in this suburb. Bunyip, VIC 3815 is a suburb with a diverse demographic profile and a focus on family living. Its educational facilities are at an average level, making it suitable for families with school-going children. Investors interested in property development or seeking high rental yields should consider the opportunities available in both houses and units in Bunyip. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022