Nunawading

Nunawading, VIC 3131, is a growing suburb with a diverse population, including a significant number of residents aged between 20 to 44 years. The area boasts a high percentage of professionals and managers, indicating a well-educated community. Commuting patterns vary, with a substantial portion of residents working from home. The suburb has good access to public transport, with a notable number of residents using trains for their daily commute. Nunawading offers a mix of housing options, with medium to high incomes and a relatively low social housing ratio. Residents enjoy proximity to amenities such as shopping centres and schools, making it an attractive location for families and working professionals. For house investors in Nunawading, the sale price data suggests strong potential for renovation projects due to a high sale price IQR ratio. Additionally, the suburb shows consistent growth in population and property values over the years, indicating a stable investment environment. With a low vacancy rate and moderate rental yield, Nunawading presents opportunities for long-term capital growth. On the other hand, unit investors can benefit from the high yield median and a relatively low discount median, making it an attractive option for those seeking rental income. Nunawading, VIC 3131, offers a vibrant lifestyle with a focus on education and professional occupations. The suburb presents sound investment opportunities for both house and unit investors, with a strong market absorption rate and steady population growth. Its accessibility to transport options and essential amenities makes it a favourable choice for homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022