Lower Plenty

Lower Plenty is a suburb with a total population of 3,962 residents. The area has a mix of age groups, with a significant number of residents aged between 5 to 19 years and 45 to 64 years. The median household income weekly is $2,160, and the most common occupations are professionals, managers, and technicians/tradeworkers. The suburb offers multiple commuting options, with a notable percentage of residents working from home. Lower Plenty presents an opportunity for house investors due to a high sale price IQR ratio, indicating potential for renovations. For unit investors, the market absorption rate is at 20.0%, signaling high demand which could lead to price appreciation. The suburb has a low vacancy rate for both houses and units, suggesting good rental prospects. Lower Plenty is a family-friendly suburb with a diverse demographic profile and good educational opportunities. Homeowners looking to live in the area can benefit from the peaceful surroundings and access to public transportation. Investors should consider the high demand for rental properties and the potential for value growth, particularly in the house market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022