South Morang

South Morang, VIC 3752 is a growing suburb with a diverse age range population, with a strong presence of young families and professionals. The median household income is above average, and a significant proportion of residents work in management, professional, and technical occupations. The suburb offers convenient commuting options, with a notable number of residents choosing to work from home. The area has good educational opportunities with a moderate ICSEA value for government schools. South Morang presents investment opportunities for both houses and units. For houses, the suburb has a healthy market absorption rate and a notable yield, suggesting potential for rental income. The high Sale Price IQR Ratio indicates opportunities for property renovation. For units, the low vacancy rate and consistent growth in median prices present a favourable outlook for investment. South Morang, VIC 3752 is an appealing suburb for both homeowners and property investors. With good amenities, strong rental demand, and a mix of residents across various age groups and occupations, the suburb offers a vibrant and diverse community to live in or invest. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022