Princes Hill

Princes Hill is a vibrant suburb with a growing population. The area has a diverse range of age groups, with a significant number of young adults and families. Residents enjoy easy access to public transport options, with a high percentage choosing to walk to work or work from home. The suburb boasts a high level of educational advantage, with a percentile ranking of 95.0 for government schools. For houses in Princes Hill, there is a notable opportunity for renovation projects given the high saleprice IQR ratio. The high market absorption rate indicates strong demand, potentially leading to price growth. On the other hand, units offer a good rental yield with a relatively low vacancy rate, making them attractive for investors seeking rental income. Princes Hill is a desirable suburb with a diverse community and excellent educational opportunities. Homebuyers looking for a renovation project may find potential in houses, while investors could benefit from the rental yield and demand for units. The suburb's strong market absorption rate suggests a positive outlook for property prices. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022