Leneva

Lenava, VIC 3691 is a growing suburb with a population of 1317. The residents are diverse in age, with a significant number of individuals aged between 5 to 44 years. The median household income is $2,305 per week. The suburb offers various commuting options, with many residents using motor vehicles. Lenava also has a percentage of residents who work from home. For house investors, Lenava presents a good opportunity with a decent yield of 4.7% and a median growth rate of 5.2%. The suburb has a balanced stock on market rate and a room demand-supply ratio, indicating stable demand. However, the vacancy rate is slightly on the higher side. For unit investors, the market seems less active with fewer sales and a lower discount median. Due to the location's affordability index, potential investors may find an entry point in the unit market. Lenava, VIC 3691 is a suburb suitable for both home owners and investors. With a balanced mix of demographics and lifestyle options, residents can enjoy a comfortable living environment. The investment market in Lenava offers opportunities with different yield potentials for both house and unit investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022