Mollongghip

Mollongghip, VIC 3352 is a small suburb with a population of 105. The age distribution is fairly even across different age groups, with a slight concentration in the 5 to 19 years and 45 to 64 years categories. The median household income is above average, with a notable percentage of residents working in managerial and professional occupations. The majority of residents commute by motor vehicle, while a significant portion also works from home. Mollongghip presents a unique opportunity for property investors looking at houses, with a limited supply of properties for sale but a high market absorption rate indicating strong demand. The suburb has shown significant growth in median house prices over the past 10 years. The discount median for house sales is below average, suggesting that sellers are achieving sales close to their asking prices. Mollongghip, VIC 3352 offers a peaceful lifestyle in a small community with a mix of residents across various age groups. For property investors interested in houses, the suburb's high market absorption rate and historical price growth provide promising indicators for potential returns. Residents benefit from a higher than average income and opportunities for remote work. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022