Koondrook

Koondrook, VIC 3580 is a small suburb with a population of 1,101 residents. The population is aging, with a significant number of residents aged 45 to 64 and 65 and over. The median household income is $973 per week. The suburb has a low social housing ratio and offers a mix of occupations, with managers, technicians and trade workers, and professionals being the top three occupations. Koondrook provides a quiet lifestyle with opportunities for commuting by motor vehicle or working from home. For house investors, Koondrook presents a market with a moderate sale price range, indicating potential for both buyers and sellers. The suburb has a moderate rental yield and a low vacancy rate, suggesting a stable rental market. With a median growth rate of 12.1% and a slightly negative population growth, investors should carefully consider the demand dynamics in the area before making investment decisions. The sale price IQR ratio of 52.9% suggests opportunities for renovators and property developers interested in the house market. Koondrook, VIC 3580 offers a peaceful lifestyle with a mix of age groups and occupations. House investors may find opportunities for renovation and stable rental income in the suburb's moderate property market. Careful consideration of the population trends and market dynamics is advised for potential investors looking to capitalize on the suburb's median growth rate of 12.1%. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022