Shoreham

Shoreham, VIC 3916 is a small suburb with a population of 679 residents. The demographic makeup skews towards older age groups, with a significant number of residents aged 65 or over years. The suburb offers a mix of occupations, with managers, professionals, and technicians/tradeworkers being the top three. The median household income is relatively high, indicating good affluence levels. For homebuyers interested in living in Shoreham, the suburb provides a peaceful coastal lifestyle with a tight-knit community feel. The vacancy rate is low, indicating a stable rental market. Investors may find opportunities in renovating properties given the high saleprice IQR ratio for houses. With a market absorption rate that is poised for growth, investing in the suburb for long-term capital growth could be a viable strategy. Shoreham, VIC 3916 offers a laid-back coastal lifestyle with a tight-knit community of predominantly older residents. The suburb presents investment opportunities, particularly for renovators, with a stable rental market and potential for long-term capital growth in property values. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022