Caringal

Caringal, VIC 3825 is a small suburb with a total population of 16 residents. The majority of the population is aged 65 years or over, indicating an older demographic. The median mortgage repayment is relatively low, while the median rent is also modest. The predominant occupation in the suburb is technicians and trades workers, with most residents commuting by motor vehicle or working from home. Given the small population and older demographic profile of Caringal, investors may find limited opportunities for both houses and units. The low median household income suggests a potentially lower overall purchasing power of residents, which could impact property demand and rental yields. Caringal, VIC 3825 is a quiet suburb with an older population and a focus on technicians and trades workers. Investors may face challenges due to the small population size and lower median household income levels, which could impact property demand and investment returns. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022