Ellaswood

Ellaswood, VIC 3875 is a small suburb with a population of 206. The residents are predominantly aged between 5 to 64 years. The suburb has a mix of occupations, with professionals, technicians, and administrative workers being the top three. The majority of residents commute by motor vehicle, while a notable percentage work from home. Ellaswood offers a peaceful lifestyle with a high level of educational advantage for students. With a high sale price IQR ratio, Ellaswood may present opportunities for renovators interested in houses. The suburb has a low discount median, indicating properties are selling close to their asking prices. The median growth rate has been negative, but the 3-year compound annual growth rate shows a positive trend. The suburb also has a low stock on market rate, suggesting a stable real estate market. Ellaswood, VIC 3875 is a tight-knit community with primarily family-aged residents. Investors looking for renovation projects in the housing market might find potential in Ellaswood due to the high sale price IQR ratio. The suburb's stable market conditions and proximity to essential amenities make it an attractive option for both homeowners and property developers looking for long-term growth potential. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022