Mansfield

Mansfield, VIC 3722 has a population of 5541, with significant growth over the past few years. The suburb has a diverse age group distribution, with a good mix of younger and older residents. The median household income is above average and there is a range of occupations represented, with Managers, Professionals, and Technicians/Tradeworkers being the top occupations. The suburb offers various commuting options, including motor vehicles and working from home (WFH). For houses in Mansfield, the suburb shows moderate to high demand with a significant number of sales and reasonable days on market. The sale price trends indicate room for growth, especially for renovators given the high sale price IQR ratio. There is a high room demand-supply ratio which suggests good prospects for renting out rooms. Units show a good rental yield and a lower affordability index, making them potentially attractive to investors looking for higher returns. Mansfield, VIC 3722 is a growing suburb with a diverse demographic profile. For property investors, the suburb presents opportunities in both houses and units, with potential for capital growth in the housing market and attractive rental yields in the unit market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022