Laverton North

Laverton North, VIC 3026, is a small suburb with a total population of 119 residents. The demographic profile skews towards older age groups, with a significant percentage of residents aged 45-64 years. The median weekly rent is affordable, indicating a relatively budget-friendly rental market. The most common occupations are machinery operators and drivers, followed by labourers and technicians/tradeworkers. Commuting mainly occurs via motor vehicles. Given the industrial nature of Laverton North, property investors may find opportunities in the demand for rental accommodation for employees working in nearby industrial areas. Consideration should be given to providing housing options that cater to the working demographic, such as affordable and functional units or shared rental properties. With a notable percentage of residents working in manual labour and technical roles, there may be demand for rental properties offering convenience and accessibility to industrial workplaces. Laverton North presents investment potential for property investors targeting the rental market catering to the industrial workforce. The suburb's demographic composition suggests a preference for affordability and convenience in housing options, particularly for renters employed in machinery operation, driving, and manual labour roles. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022