Lake Tyers Beach

Lake Tyers Beach, VIC 3909 is a small coastal suburb with a population of 802 residents. The demographics skew towards older age groups, with a significant portion aged 45 years and above. The suburb offers a relaxed lifestyle with opportunities for outdoor activities and water-based recreation due to its coastal location. Residents have a median household income slightly below the national average, with a mix of occupations mainly in technical, trade, and community service sectors. The suburb has a low social housing ratio and a moderate level of educational advantage for students attending government schools. For house investors, Lake Tyers Beach presents a mixed profile. The suburb has a moderate sale price range with a sizeable yield median which can be attractive for landlords. The high sale price IQR ratio indicates potential for renovators or property developers. The market absorption rate is currently below 10%, suggesting steady demand but not overheated market conditions. Rental properties have shown a consistent median growth rate, making it a viable option for long-term investment strategies. Lake Tyers Beach, VIC 3909 offers a coastal lifestyle with a focus on outdoor activities and water-based recreation. The suburb has a mix of older age groups and a moderate income level. For property investors interested in houses, the suburb presents opportunities for steady rental income, potential renovations, and long-term growth, supported by a stable market environment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022