Neilborough

NEILBOROUGH, VIC 3570 is a small suburb with a population of 379 residents. The age demographics are diverse, with a significant number of residents aged between 45-64 years. The suburb has a mix of occupations, with Technicians and Tradeworkers, Managers, and Labourers being the top three. Residents have a moderate level of educational advantage, with an ICSEA percentile of 11.0. The median household income is above average, indicating a relatively affluent community. There is a growing trend in population over the recent years. For House investments, NEILBOROUGH presents an opportunity for renovators due to a high saleprice IQR ratio. The rental yield is moderate at 3.4%, with a low vacancy rate. The suburb has shown negative median growth but has witnessed growth in population, building approvals, and resident population over the years. The online search interest is relatively high, indicating demand. With a low discount median and short median days on market, the suburb attracts buyers quickly. NEILBOROUGH, VIC 3570 offers a lifestyle in a small and growing community with moderate income levels. For property investors interested in Houses, the suburb could be suitable for renovation projects with the potential for capital growth. Despite recent negative median growth, the suburb's increasing population and building approvals suggest investment potential. The suburb's affordability index percentile indicates it may offer opportunities for growth in the future, especially with its attractive rental yield and low vacancy rate. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022