Lockington

Lockington, VIC 3563 is a small suburb with a population of 850 residents. The community is diverse, with a mix of age groups represented. The median weekly household income is $1,268. The suburb has a low social housing ratio of 3.2% and a decent percentage of residents opting to work from home. Lockington offers a peaceful lifestyle with opportunities for both young families and retirees. Lockington presents an affordable property market with a median house price below $500,000. The suburb has shown consistent median growth rates over the past years, indicating a steady demand. With a moderate sale price IQR ratio, Lockington could be attractive for renovators or those seeking to add value to properties. The low stock on market rate suggests limited supply, which may positively impact property prices in the future. Lockington, VIC 3563, is a peaceful suburb with a strong sense of community and a range of amenities suitable for families and individuals. The property market offers investment opportunities, especially for buyers interested in houses. The suburb's affordability, steady growth rates, and low stock on market rate make it an attractive option for both homebuyers and investors looking for long-term potential. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022