Lake Wendouree

Lake Wendouree, VIC 3350, is a medium-sized suburb with a population of 2,878 residents. The age demographic is diverse, with significant numbers in the '45 to 64 Years' and '65 or Over Years' categories. The median household income weekly is $1,953, and the suburb has a mix of occupations, with the top three being 'Managers', 'Professionals', and 'Technicians and Tradeworkers'. Residents mainly commute by motor vehicle, while a notable portion work from home. For Houses, Lake Wendouree presents opportunities for renovators due to a high Sale Price IQR Ratio. The suburb has a moderate market absorption rate, indicating balanced demand. For Units, the market absorption rate is high, suggesting potential for price appreciation. Additionally, the vacancy rate is low, indicating a healthy rental market. Lake Wendouree offers a peaceful lakeside lifestyle with a range of housing options. For investors interested in Houses, the suburb may be ideal for renovation projects, while Units show strong potential for growth and rental demand. The educational advantage of students in local government schools is relatively high, contributing to the overall appeal of the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022