Moonee Ponds

Moonee Ponds, VIC 3039 is a vibrant suburb with a total population of 16,224 residents. The area exhibits a diverse age range, with a significant number of young adults aged 20-34 years and families with school-aged children. The suburb boasts a high percentage of professionals and managers, indicating a strong job market. Commuting patterns show a preference for motor vehicles, but a considerable number of residents also work from home. The suburb is well-connected with various transport options for daily commuting. For House investment, Moonee Ponds presents an opportunity for renovators due to a high saleprice IQR ratio, suggesting potential in upgrading properties. The market absorption rate is indicative of a balanced demand, signaling potential growth in property prices. The significant growth in the resident population over the years bodes well for future property appreciation. As for Units, the suburb offers steady rental yields, making it attractive for investors seeking rental income. Moonee Ponds, VIC 3039 is an appealing suburb for both homebuyers and investors. With a diverse demographic profile and a strong presence of professionals, the area provides a bustling lifestyle. The suburb presents opportunities for property investors looking to capitalize on the growing population and balanced market conditions for both Houses and Units. Its proximity to amenities, along with good transport connectivity, enhances the overall livability of the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022