Tarraville

Tarraville, VIC 3971 is a small suburb with a population of 69 residents. The age distribution skews towards older demographics, with a notable number of residents aged 45 to 64 and 65 or over. The median household income weekly is $1,062, and the majority of residents commute by motor vehicle. The suburb has a balanced mix of occupations, with technicians and trade workers, managers, and labourers being the top three. Tarraville presents an interesting real estate landscape with a limited number of properties available for sale. The median growth rate is high, indicating potential for capital appreciation. The low discount median suggests properties are selling close to the listing price, reflecting strong buyer interest. With a low stock on market rate and a high median growth rate over the past years, it could be a suburb worth considering for property developers or investors looking for long-term growth. Tarraville, VIC 3971 offers a unique blend of a tight-knit community and a stable real estate market. For investors seeking potential capital growth and a high demand for housing, particularly for renovators, Tarraville's limited stock and strong growth indicators make it an intriguing opportunity for property development or long-term investment in housing. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022