Harkaway

Harkaway, VIC 3806, is a small suburb with a population of 1011 residents. The age distribution skews towards younger and middle-aged residents, with a notable number of families with children. The suburb boasts a high median household income, with a mix of occupations dominated by managers, professionals, and technicians. The area has good accessibility to public transport, with a significant portion of residents opting to commute using motor vehicles. The suburb also shows a preference for working from home. Harkaway presents a unique opportunity for property investors interested in houses. The suburb has a high median house price, indicating a premium market. The sale price IQR ratio suggests potential for renovation opportunities, attracting buyers looking to add value. While the median growth rate has declined in recent years, the suburb has shown strong growth over the long term. With a low vacancy rate and moderate rental yield, Harkaway holds promise for investors seeking capital appreciation. Harkaway, VIC 3806, offers a desirable lifestyle for residents, with high-income levels, a family-friendly environment, and convenient transport options. For property investors focused on houses, the suburb presents a premium market with potential for renovation projects and long-term growth. Despite recent fluctuations in growth rates, the suburb's low vacancy rate and moderate rental yield make it an attractive option for those seeking to build wealth through property investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022