Chiltern

Chiltern, VIC 3683 is a small town with a population of 1580 residents. The population has shown steady growth over the years, especially in the age groups of 5-19 years and 45-64 years. The median household income weekly is $1,305, with the majority of residents commuting by motor vehicle. The town offers a good balance between work-life dynamics, with a considerable number of residents working from home. The ICSEA Percentile for government schools is at 40.0, indicating an average educational advantage for students. For house investors, Chiltern presents a market with a diverse range of housing options and moderate rental yields. The suburb has a high market absorption rate, indicating strong demand and potential for capital growth. With a significant number of professionals and technicians/tradeworkers in the area, there is a market for quality family homes and renovator's delights. On the other hand, the unit market might be less favourable due to a higher stock on market rate and mixed growth performance. Chiltern, VIC 3683 offers a peaceful lifestyle with a close-knit community. House investors can target properties for long-term growth potential, considering the demand dynamics and population growth. The town's demographic mix and income levels suggest a stable market for property investment in the housing segment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022