Camberwell

Camberwell, VIC 3124, is an affluent suburb with a population of around 22,000 residents. The area has a balanced age distribution, with a significant number of professionals and managers residing in the suburb. Residents have a high median household income, and the majority prefer commuting by car, while a considerable percentage also choose to work from home. The suburb is well-serviced by public transport options including trains. The presence of a range of occupations and a high ICSEA value indicates a diverse and highly educated community. For houses in Camberwell, the suburb exhibits a good mix of owner-occupiers and investors. The high median house price reflects the premium nature of the suburb. The sale price IQR ratio suggests potential opportunities for renovators due to a wider range between Q1 and Q3 prices. The low market absorption rate indicates a stable market. As for units, the market is more active with a relatively lower median price compared to houses. The moderate yield and consistent population growth make units a viable option for investors seeking steady returns. Camberwell, VIC 3124, offers a desirable lifestyle for residents with its high-income demographic, access to public transport, and a variety of occupations. For investors, both houses and units present opportunities, with houses catering to those looking for potential renovation projects and units offering more active market dynamics and moderate yields. The suburb's stable property market, coupled with its diverse and educated population, makes it an attractive choice for those looking to invest or reside in a premium Melbourne locale. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022