Magpie

MAGPIE, VIC 3352 is a small suburb with a population of 368 residents. The median household income is above average, with a mix of age groups present in the community. The suburb has a good balance of major occupations, with a notable portion of the population working as managers, professionals, and technicians/tradeworkers. Commute to work predominantly involves motor vehicles, with a portion working from home. The educational advantage of students in government schools is relatively low compared to other areas. For potential home owners, MAGPIE offers a peaceful residential environment with moderate property prices. High buyer demand is indicated by a low median days on market and a high market absorption rate. The suburb has shown consistent growth in median prices over the years. Investors should note the suburb's low rental yield and minimal stock on market, which may suggest limited rental property availability. MAGPIE, VIC 3352 presents a residential lifestyle with moderate property prices and a mix of age groups in the community. It is an area that has shown growth in property prices and indicates high buyer demand. Investors should consider the suburb's low rental yield and limited stock on the market when assessing investment opportunities. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022