Longwarry

Longwarry, VIC 3816 is a growing suburb with a population of 2,436 residents. The age demographics are varied, with significant numbers in the age groups of 5 to 19 years and 20 to 24 years. The median weekly household income is $1,464. The suburb has a good mix of occupations, with technicians and tradeworkers, professionals, and managers being the top three occupations. The residents have various commuting options, with a notable number working from home. Longwarry shows promising signs for property investors interested in houses, with a moderate sale price IQR ratio and a market absorption rate that indicates balanced demand. The suburb has strong growth potential, supported by a consistent median growth rate over the years. For investors interested in units, Longwarry presents an opportunity with low vacancy rates, a healthy rental yield, and a high room-demand-supply ratio. Longwarry, VIC 3816 is a suburb experiencing population growth, offering a diverse age demographic and income levels. It has good educational facilities, as reflected in the ICSEA percentile for government schools. For prospective residents, Longwarry provides a peaceful lifestyle with good commuting options. Property investors can consider the suburb for both houses and units, with different investment opportunities available in each segment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022