Lilydale, VIC 3140, with a population of 17,348, has a diverse age group and a preference for motor vehicle commuting. The suburb offers a mix of occupational profiles, with professionals, technicians, and managers being the top three occupations. Residents enjoy a median weekly household income of $1,764 and have a median mortgage repayment of $1,950 monthly. The area has good representation of community and personal service workers, as well as clerical and administrative workers. Lilydale has a strong culture of working from home, with 1,918 residents doing so. The suburb is well-connected by public transport, with a notable number of residents commuted by train. The ICSEA percentile for government schools is 50.5, indicating a moderate educational advantage for students in the area. Lilydale presents a lucrative opportunity for property investors, with both houses and units showing promising indicators. The suburb has a high market absorption rate, suggesting strong demand and potential for capital growth. With low vacancy rates and a notable room demand-supply ratio, rental properties are in demand. For house investors, the high sale price IQR ratio indicates a potential for renovators. Meanwhile, for unit investors, the low stock on market rate and high market absorption rate suggest a strong market for unit sales. Lilydale's median growth rates indicate steady appreciation over the years, making it an attractive option for long-term investments. Lilydale, VIC 3140, offers a vibrant community with diverse demographics and a strong inclination towards working from home. The suburb appeals to a mix of professionals, technicians, and managers, with solid income levels and moderate educational advantages for students. Property investors can find promising opportunities in both houses and units, thanks to strong market absorption rates, low vacancies, and steady growth trends. Whether considering long-term capital growth or rental income, Lilydale presents a compelling case for investors seeking to enter the property market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022