Iona

IONA is a small suburb with a total population of 240 residents. The age distribution is fairly balanced across different age groups, with a significant portion falling in the 45 to 64 years age bracket. The median mortgage repayment is moderately high compared to the median rent, indicating a higher rate of homeownership. Various occupations are present in the area, with managers, technicians, and community service workers being the prominent ones. The suburb has a considerable percentage of residents who commute by motor vehicle, while a notable proportion works from home. Given the demographic profile with a mix of managerial, technical, and community service occupations, there could be potential demand for rental properties catering to these groups. With a moderate proportion of residents working from home, there might be opportunities for property developers to consider creating home office spaces within units to attract such residents. IONA offers a quiet lifestyle with a diverse range of age groups and occupations present in the suburb. The relatively higher median mortgage repayment suggests a stable homeowner community. Investors may find opportunities in providing rental properties tailored to the local workforce, including options for home office spaces. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022