Fairhaven

Fairhaven, VIC 3231, is a small suburb with a population of 390, experiencing positive population growth over the years. The residents have a diverse age distribution, with a median household income higher than the national average. The suburb offers a picturesque coastal lifestyle, with a significant proportion of residents working in managerial and professional occupations. For house buyers or property developers interested in Fairhaven, the suburb presents opportunities for high-end renovations or upscale developments. The suburb has a moderate yield and rental prices, making it suitable for long-term investment strategies. The market absorption rate is healthy, indicating good demand. Furthermore, the suburb's ICSEA percentile suggests a favorable educational environment. Fairhaven, VIC 3231, offers a serene coastal lifestyle with a growing population and a strong market absorption rate. The suburb is ideal for house buyers looking for potential renovation projects or upscale developments. Investors can benefit from the stable rental market and the suburb's appeal to residents in managerial and professional occupations. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022