Mount Franklin

Mount Franklin, VIC 3461 is a small suburb with a population of 99 residents. The demographic data indicates a mix of age groups, with the majority aged between 45 to 64 years. The suburb has a high percentage of residents commuting by motor vehicle and a notable portion working from home. The median household income is relatively high, and the predominant occupations include Managers, Professionals, and Technicians and Tradesworkers. For property investors interested in houses, Mount Franklin presents a unique opportunity with a limited property count. The suburb has shown significant median growth and a high market absorption rate, suggesting strong demand. The sale prices are relatively high compared to neighbouring areas, indicating potential for good returns on investment. However, buyers may need to act quickly as properties spend a median of 112 days on the market before being sold. Mount Franklin, VIC 3461 offers a quiet lifestyle with a small community. The suburb attracts residents from a variety of age groups and income levels. Property investors focusing on houses in Mount Franklin could benefit from the high growth rates and market absorption, but should be prepared for a competitive market with properties selling at relatively high prices. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022