Mandurang South

Mandurang South, VIC 3551 is a small suburb with a population of 280 residents. The age demographic is diverse, with a significant number of residents falling in the age groups of 5 to 19 years and 45 to 64 years. The suburb has a good mix of occupations, with professionals, clerical and administrative workers, and technicians and trade workers being the top three occupational groups. The median household income is above average, indicating a relatively affluent community. The majority of residents commute to work via motor vehicles, with a notable percentage also opting to work from home. With a high Sale Price IQR Ratio and a relatively low median growth rate, Mandurang South could be an attractive option for home renovators looking for properties with good potential for value appreciation. The low stock on market rate and steady population growth over the years also indicate a stable and potentially growing property market. Investors should keep an eye on the increasing building approvals, as this might lead to further development and growth in the suburb. Mandurang South, VIC 3551 offers a peaceful lifestyle with a close-knit community. The suburb presents opportunities for home improvement enthusiasts to add value to properties. Investors should consider the stable property market conditions and the steady population growth when evaluating investment potential in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022