East Geelong

East Geelong is a growing suburb with a diverse population mix. The majority of residents fall within the age groups of 20 to 44 years. The area has a moderate median household income and a significant proportion of residents working in professional and technical occupations. Commute options include motor vehicles and working from home, indicating flexibility in work arrangements. There is a good mix of transport options for residents. The suburb presents opportunities for both house and unit investors. For houses, the high sale price IQR ratio suggests potential for renovators. With a solid rental yield and median growth rate, houses can be an attractive investment option. For units, the high demand indicated by the low vacancy rate and room demand-supply ratio signifies a promising investment opportunity. Units also show a strong growth rate over the years. East Geelong is a suburb experiencing growth in population and property demand. It offers a good lifestyle mix for residents with a focus on professional occupations. Investors have opportunities in both the housing and unit market, with potential for renovation projects in houses and strong demand in the unit segment. The suburb's infrastructure, demographics, and market trends make it an area worth considering for those looking for both a place to call home and investment prospects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022