Goughs Bay

Goughs Bay, VIC 3723 is a small suburb with a population of 328 residents. The majority of residents fall within the age brackets of 45 to 64 years and 65 years or over. The suburb has a good mix of occupations, with managers, labourers, and clerical/administrative workers being the top three. The median household income is around $892 per week, and the residents prefer to commute by motor vehicle. The suburb offers a peaceful lifestyle with a decent percentage of residents working from home. For house investors, Goughs Bay presents an opportunity for potential renovators due to a high Sale Price IQR Ratio, indicating the presence of properties with renovation potential. With a rental yield of 4.8%, investors can consider the long-term rental market. However, the suburb has shown a slight decline in median growth rates over the past few years. For unit investors, although there are limited data points, the suburb offers a low entry price point with potential for future growth. Goughs Bay, VIC 3723 is a small suburb ideal for those seeking a peaceful lifestyle away from the hustle and bustle of the city. With a mix of occupations and a preference for working from home, the suburb provides a relaxed living environment. House investors can explore renovation opportunities, while unit investors can benefit from the affordability and potential growth prospects in the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022