Modella

Modella, VIC 3816 is a small suburb with a total population of 169 residents. The demographic profile skews towards older age groups, with a significant portion aged between 45 to 64 years. The median mortgage repayment is relatively high, indicating a potentially affluent community. The most prevalent occupations include Managers, Technicians and Tradesworkers, and Labourers. The suburb shows a preference for commuting by motor vehicle, with a notable percentage working from home. Given the demographic distribution and income levels, Modella may be suitable for property developers looking to cater to the needs of older residents or families. The presence of professionals and technicians suggests a demand for quality housing options. Investors could explore opportunities for housing designed to provide home office spaces to capitalize on the significant work-from-home percentage. Modella, VIC 3816 offers a lifestyle suited to older residents and families, with a focus on homeownership. The suburb presents potential investment opportunities for property developers and investors looking to meet the housing needs of a community composed largely of managers, technicians, and tradesworkers. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022