Mallacoota

Mallacoota, VIC 3892, with a population of 1183, showcases an ageing population with over 50% aged 45 years or older. The residents have a preference for commuting by motor vehicle, with a minor percentage using public transport. The suburb has a moderate ICSEA percentile for government schools, indicating an average educational advantage for students. The top three occupations in the area are Managers, Professionals, and Technicians and Tradesworkers. For house investors, Mallacoota presents a promising opportunity with high rental yields, low vacancy rates, and significant median growth in property prices over the last 5 years. The suburb has a notably low discount median, suggesting strong buyer demand. Units, on the other hand, have a higher sale price IQR ratio, potentially attracting renovators or developers eyeing opportunities in this segment. Mallacoota, VIC 3892 offers a serene lifestyle within a community that skews towards older demographics. Investors, particularly in houses, may find the suburb lucrative due to high rental yields, low vacancy rates, and a solid history of median price growth. The suburb also presents opportunities for renovators or developers looking to capitalize on units with a higher sale price IQR ratio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022