Gellibrand

Gellibrand, VIC 3239 is a small suburb with a population of 230 residents. It has a mix of age groups, with a significant portion of the population aged between 45 to 64 years. The median household income is $1,233 per week, and the majority of residents commute by motor vehicle. The suburb offers a good balance of work from home and walking options for commuting. Gellibrand presents a stable housing market with a low stock on market rate and a low discount median. The suburb has a high median growth rate over 5 years, indicating potential long-term investment opportunities. The high estimated resident population growth over 10 years could lead to increased demand for housing in the area. Additionally, the building approvals ratio is positive, suggesting potential development opportunities. Gellibrand, VIC 3239 is a small suburb with steady growth potential and investment opportunities in the housing market. The area offers a balanced lifestyle with good commuting options for residents. Investors may find value in the long-term growth prospects of the suburb, given its favourable demographic and economic indicators. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022