Kooyong

Kooyong, VIC 3144, a suburb with a total population of 842, has shown a positive population growth of 3.8% in the last year. The majority of residents fall within the age groups of 20 to 64 years, with a significant number of professionals and managers as the top occupations. Residents enjoy a high median household income and have diverse commuting options, including a notable percentage working from home. For Houses, Kooyong presents a market with a median sale price indicating a high-end luxury segment. With a relatively low rental yield and a negative median growth rate, it may be a better fit for homeowners looking for a prestigious address rather than investors seeking immediate returns. However, the suburb's high room demand-supply ratio suggests potential for those considering offering rooms for rent. For Units, the market is more dynamic with a higher rental yield and positive median growth rate. Investors may find opportunities in the increasing demand for units, particularly with the solid market absorption rate and a relatively low vacancy rate. Kooyong, VIC 3144, boasts a high-income demographic, attracting residents in managerial and professional roles. While the house market caters to luxury buyers, the unit market offers investment potential with better rental yields and growth rates. With a growing population and a focus on remote work, the suburb provides a mix of lifestyle and investment opportunities. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022