Hazelwood North

Hazelwood North is a suburb with a population of 1552 residents. The age group distribution is diverse, with a significant number of individuals aged between 5 to 64 years. The suburb offers a relatively high median household income and a variety of occupations represented in the community. The commute to work is mainly by motor vehicle, while a notable portion works from home. The suburb has a decent ICSEA percentile for government schools, indicating a moderate educational advantage for students. Hazelwood North presents a moderate market absorption rate coupled with a reasonable stock on market rate. The suburb has shown a consistent population growth over the last decade. The sale prices exhibit a considerable spread between the first and third quartiles, indicating an opportunity for renovators. The rental yield is moderate while the discount median suggests a relatively stable market. Investors may find potential in capital growth opportunities over the long term. Hazelwood North, with its stable property market and diverse demographic profile, offers a potential opportunity for property investors looking for long-term capital growth. Homeowners can benefit from the peace and tranquillity of the suburb while enjoying a decent range of local amenities and services. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022