Majorca

Majorca, VIC 3465, a small suburb with a population of 198, has seen steady population growth over the past years. The majority of residents fall within the age group of 45 to 64 years. The median household income is relatively high compared to other suburbs. The top three occupations include Managers, Professionals, and Community and Personal Service Workers. The suburb offers opportunities for a balanced lifestyle, with a notable percentage of residents walking or working from home for their commute. Majorca presents a niche market for property investors interested in houses. With a limited number of properties and a low stock on the market rate, there may be potential for high demand. The suburb has shown significant median sale price growth over the past 5 and 10 years, indicating a potential for property value appreciation. The rental market could also be promising given the rental ratio and demographics of the area. Majorca, VIC 3465, is a small suburb with a stable population and above-average household income. Residents enjoy a balanced lifestyle with opportunities for remote work. For property investors, the suburb offers potential in the housing market with indications of growth in property values and a promising rental market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022