Burrumbeet

Burrumbeet, VIC 3352, is a small suburb with a population of 249 residents. The demographic skews towards older age groups, with a significant number of residents aged 45 years and over. The median household income is $949 per week, and the majority of residents commute by motor vehicle. The suburb offers a peaceful and quiet lifestyle, ideal for families and retirees. For potential investors interested in houses in Burrumbeet, the suburb shows a diverse range of ages but with a smaller population which may limit rental demand. The IQR ratio indicates potential good opportunities for renovators given the variability in house sale prices. The stable population growth over the years and the low stock on market rate suggest a tight supply, possibly leading to capital growth in the long term. Burrumbeet, VIC 3352, offers a tranquil lifestyle with a small community feel. The suburb presents opportunities for investors focusing on capital growth through housing investments, particularly for those interested in renovating properties. Homeowners seeking a quiet environment away from the hustle of larger cities may find Burrumbeet appealing. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022