Junction Village

Junction Village, VIC 3977, is a growing suburb with a diverse population. The majority of residents are over 65 years old, indicating it is popular among retirees. The median household income is moderate, and the top three occupations are Technicians and Tradesworkers, Professionals, and Labourers. The suburb offers a variety of commuting options, with a significant proportion of residents working from home. Junction Village presents a good opportunity for both home buyers and investors. The suburb has shown steady growth in property prices, with a high demand for both houses and units. The rental market is strong, offering a good yield for investors. With a low vacancy rate and high room demand-supply ratio, there is potential for high rental returns. For property developers, the high building approvals ratio indicates a growing property market. Junction Village, VIC 3977, is a suburb with strong investment potential, offering growth opportunities for both property buyers and developers. With a diverse demographic profile and convenient commuting options, it is an attractive location for home buyers looking for long-term growth and investors seeking rental returns. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022