Cann River

Cann River, VIC 3890, is a small suburb with a population of 197 residents. The age distribution skews towards older demographics, with a significant number of residents aged 45 to 64 years and over 65 years. The suburb has a diverse range of occupations, with a notable presence of community and personal service workers. The median household income is $642 weekly, and the weekly median rent is $120. With a low sale price IQR ratio and a median growth rate of -41.8%, Cann River may be more appealing to renovators and buyers seeking below-market-value properties for potential capital growth. The suburb's stock on market rate is relatively low at 1.3%, indicating limited supply. Additionally, the online search interest is moderate, suggesting some interest from potential buyers. Cann River, VIC 3890, offers a tranquil lifestyle for residents in a small community setting. Investors looking for renovation opportunities or long-term capital growth may find the suburb intriguing, given its affordability index and potential for property value appreciation over time. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022