Nicholson

Nicholson, VIC 3882 is a small suburb with a population of 1322 residents. The age distribution is fairly varied, with a significant number of individuals aged between 5 to 64 years. The median household income is $1,390 per week, and the suburb has a mix of occupational groups, with professionals, technicians and tradespeople being the top three occupations. The commute to work is mainly by motor vehicle, with a noteworthy proportion of residents working from home. Nicholson, VIC 3882 presents an interesting opportunity for property investors looking at houses. The suburb has a moderate property count with a diverse range of ages among residents, indicating potential for various property preferences. With a rental yield of 3.9% and median growth of 1.8%, there is stable growth potential for investors. The market absorption rate is low, suggesting a buyer's market, while the high room demand-supply ratio indicates good potential for renting out rooms. Nicholson, VIC 3882 is a suburb with a mix of demographic groups, primarily working professionals, technicians, and tradespeople. The suburb offers potential for property investors interested in houses, with stable rental yields, moderate growth rates, and a buyer's market. For residents, the suburb provides a peaceful and diverse community living environment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022