Moolap

Moolap has a small population predominantly aged over 65 years. The suburb offers a quiet residential lifestyle, with a mix of different occupations residing in the area. Residents mainly commute by motor vehicle with a notable percentage working from home. The suburb has a moderate educational advantage for students attending government schools. For house investors, Moolap presents an opportunity for potential renovators, with a relatively high Sale Price IQR indicating the presence of properties suitable for renovation. The suburb has a moderate rental yield and room demand-supply ratio, indicating a steady rental market. For unit investors, the market is stable, with a noticeable proportion of units being rented out. There has been positive median growth over the years for units in Moolap. Moolap is a suburb characterised by its older population and peaceful residential environment. It offers investment potential for both house and unit investors, with opportunities for renovations in the housing market and steady growth and rental demand 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