Highett

Highett, VIC 3190, is a vibrant suburb with a population of 12,016 residents. The area has experienced steady population growth over the years, attracting families and young professionals. The suburb offers a diverse range of occupations, with a high number of professionals and managers residing in the area. The residents enjoy convenient commuting options, including motor vehicles and public transport, with a significant portion working from home. Highett also boasts a mix of age groups, ensuring a well-rounded community. For house investors, Highett presents an opportunity for renovators due to the high sale price IQR ratio. The suburb has shown a median growth rate of 4.7%, indicating a steady increase in property values. With a low vacancy rate and a market absorption rate of 11.6%, there is potential for capital gains. On the other hand, unit investors can benefit from the high rental yield and a market absorption rate of 16.3%. The steady growth in median prices over the years makes Highett an attractive prospect for both house and unit investors. Highett, VIC 3190, offers a desirable lifestyle for residents and promising opportunities for property investors. The suburb's strong community, convenient amenities, and potential for capital growth make it an attractive choice for buyers looking to settle down or expand their investment portfolio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022