Northwood

Northwood, VIC 3660 is a small suburb with a population of 203 residents. The demographic profile skews towards younger and middle-aged populations, with a significant portion aged between 20 to 44 years. The median household income is $1,895 weekly, with a mix of occupations including managers, technicians, and labourers. The suburb has a high percentage of residents commuting by motor vehicle. For house investors, Northwood may not have a diverse property market as only a few properties are available. The suburb has shown strong growth in median house prices over the past 3 and 5 years, potentially attractive for long-term investors. The high online search interest indicates buyer demand. With a low affordability index and limited stock on the market, renovators might find opportunities. The rental market seems stable with a moderate rental price median and a single property sale recorded. Northwood, VIC 3660 is a small suburb with a younger to middle-aged demographic and a decent income level. The housing market, though limited in options, has shown good growth rates over the past few years. Investors interested in long-term growth or renovation opportunities might find Northwood appealing. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022