Clayton

Clayton, VIC 3168 is a vibrant suburb with a total population of 18,988 residents. The area has seen consistent population growth over the years across all age groups. The median household income is $1,494 weekly, and the suburb boasts a diverse mix of occupations, with professionals, technicians, and community service workers being among the top three. Residents have good access to public transport options, with a significant number choosing to commute by trains. The suburb also has a high WFH rate. Additionally, the ICSEA percentile for government schools is 82.0, indicating a relatively higher educational advantage for students. For investors interested in Houses, Clayton presents an opportunity with a high Sale Price IQR Ratio, suggesting potential for renovations. The suburb also has a median growth rate of 17.9% and a market absorption rate of 9.1%. With a high demand for renting rooms and a low vacancy rate, there is potential for solid rental yields. As for Units, the high yield median of 5.3% and moderate market absorption rate of 14.5% make it an attractive option. However, investors should note the slight negative growth trend in the median sale price over the past 3 years. Clayton, VIC 3168 offers a dynamic living environment with a mix of housing options and a diverse demographic profile. Homeowners can enjoy the suburb's proximity to public transport, educational facilities, and various amenities. Investors have the opportunity to capitalise on the suburb's strong rental demand and potential for property value appreciation, particularly in the housing segment with avenues for renovation projects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022