Kongwak

Kongwak, VIC 3951 is a small suburb with a population of 207 residents. The age group distribution is varied, with a significant proportion between 20 to 64 years. The suburb offers a median weekly household income of $1,625 and has a diverse mix of occupations, such as Managers, Technicians, and Clerical workers. The commuting preferences show a reliance on motor vehicles and a notable proportion working from home. The educational advantage of students in government schools is at the 52nd percentile. Kongwak presents an opportunity for property investors interested in Houses. The suburb's property market indicates moderate demand with a relatively low sale price IQR ratio. The sale price growth has been steady over the past years, especially the 5-year median growth which showed substantial increment. With a discount median of -20.0%, buyers may find negotiation opportunities. The suburb's affordability index is low, making it appealing for potential home buyers and investors. Kongwak, VIC 3951, is a growing suburb with a favourable investment landscape, particularly for those interested in the housing market. Its demographic diversity, steady property growth, and convenient commuting options make it an attractive location for both homeowners and property developers. The suburb's moderate property prices and rental yields provide a promising outlook for future returns on investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022