East Melbourne

East Melbourne, a suburb with a population of 4896, is characterised by a diverse age range and occupations. The suburb offers various commuting options, with a significant portion of residents opting to work from home. Residents have access to different forms of transportation, promoting connectivity within and outside the area. The high ICSEA value indicates educational advantages for students attending local schools. For houses in East Melbourne, the high sale price IQR ratio suggests potential for renovators seeking properties with price variation. The suburb's low vacancy rate and strong demand for rental rooms indicate a promising outlook for property investors. Units, on the other hand, present a higher rental yield compared to houses, making them an attractive option for investors seeking rental income. East Melbourne offers a mix of housing options suitable for both homeowners and investors. The suburb's strong demand for rental properties and favourable commuting options make it an appealing choice for those looking to live, renovate, or invest in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022