Lynbrook

LYNBROOK, VIC 3975 is a growing suburb with a diverse population mix. The median household income is high, indicating a relatively affluent community. There is a good mix of age groups, with significant numbers in the 5-19 and 45-64 age brackets. The suburb offers various commuting options, with a notable number of residents working from home. The educational advantage of students in government schools is moderate. For houses in LYNBROOK, VIC 3975, the suburb presents a good opportunity for homebuyers looking for properties with potential for renovation, given the high Sale Price IQR Ratio. The market absorption rate suggests a stable demand for houses, with room for potential capital growth. On the other hand, units have shown lower growth rates but offer higher rental yields compared to houses. Units might be a favourable option for investors looking for steady rental income. LYNBROOK, VIC 3975 is an attractive suburb for both homebuyers and investors. With its high median growth rate and solid demand for housing, the suburb presents opportunities for capital appreciation and rental returns. The diverse demographics and convenient commuting options add to the overall appeal of the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022