Lysterfield

Lysterfield, VIC 3156, with a population of 6681 people, is a family-friendly suburb with a diverse age structure. The majority of residents are aged between 5 to 64 years, indicating a good mix of younger families and established professionals. The median household income is relatively high, providing a comfortable lifestyle for its residents. Commuting patterns show a preference for motor vehicles, while a significant portion works from home. For home buyers and investors interested in houses, Lysterfield presents an opportunity with a moderate yield and a healthy market absorption rate. The suburb has a balanced room supply-demand ratio and a low vacancy rate. The sale price IQR ratio suggests potential for renovation projects. On the other hand, units in Lysterfield offer good median growth rates, indicating a potential for value appreciation over time despite being fewer in number. Lysterfield, VIC 3156 offers a pleasant lifestyle for families and professionals, with good potential for property investment. Houses present renovation opportunities, while units show promise in capital growth. The suburb's demographics and educational advantage make it an attractive choice for those seeking a mix of convenience and tranquillity. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022