Lake Bunga

Lake Bunga, VIC 3909 is a small suburb with a population of 408 residents. The age distribution is diverse, with a higher proportion of residents aged 65 and over. The median household income is $1,101 per week. The suburb has a mix of occupations, with professionals, managers, and community and personal service workers being the top three categories. Residents mainly commute by motor vehicle. For house investors, Lake Bunga presents an opportunity for potential renovation projects due to a high Sale Price IQR ratio. The rental market is stable with a median rental price of $550 per week and a moderate vacancy rate. Although the median growth rate has been negative, the suburb has shown growth in population over the years, indicating potential future demand. Lake Bunga, VIC 3909 offers a quiet lifestyle with a mix of age groups and occupations. For investors interested in houses, the suburb may present renovation opportunities with stable rental returns. The negative median growth is offset by the population growth and stable rental market, making it a suburb worth considering for long-term investment prospects. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022