Narracan

Narracan, VIC 3824 is a small suburb with a population of 262 residents. The age group distribution is fairly diverse, with a significant proportion of residents aged between 45 to 64 years and 65 years or over. The suburb has a mix of occupations, with managers, professionals, and technicians/tradeworkers being the top three. A notable percentage of residents work from home, indicating a preference for remote work. Narracan presents an affordable opportunity for property investment, especially in houses. The suburb has stable median growth rates and a moderate rental yield. The sale price IQR ratio suggests potential opportunities for renovations. With a low stock on market rate, there is a possibility of limited supply, which may drive up property prices in the future. The suburb's growing population over the years indicates potential for increased demand for housing. Narracan, VIC 3824 offers a quiet lifestyle in a small community with a mix of age groups and occupations. The suburb is conducive to remote work, providing flexibility for residents. For property investors, particularly in the housing market, Narracan presents an affordable investment option with prospects for capital growth and renovation projects given the IQR ratio. The stable growth rates and low stock on market rate further strengthen the investment appeal of the suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022