Cape Schanck

CAPE SCHANCK, VIC 3939 is a small suburb with a population of 569 residents. The median household income is relatively high, and the majority of residents are professionals, managers, and technicians/tradeworkers. The suburb offers a peaceful coastal lifestyle with a mix of age groups, from young families to retirees. Residents have the option to commute by car or enjoy working from home. With a high median house price and a relatively low rental yield, CAPE SCHANCK may attract investors seeking long-term capital growth. The suburb's IQR ratio suggests potential for renovations. The low sale price growth over the past year and vacancy rate at 3% should be considered by property developers. Property buyers should factor in the negative growth trend of the median sale price. CAPE SCHANCK, VIC 3939 offers a high-income, coastal lifestyle suitable for professionals, managers, and families. Investors may find opportunities for capital growth and renovations in the housing market. Property developers should be cautious due to the negative growth trend and vacancy rate in the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022