Tarrawarra

Tarrawarra is a small suburb with a population of 81 residents. The majority of residents are aged 45 years and over, with a significant percentage being in the 65 years or over category. The median household income weekly is $2,700, and the suburb has a low median rent weekly. There is a balanced mix of occupations, with professionals, clerical and administrative workers, and managers making up the top three occupations. The suburb has a high percentage of residents who work from home, indicating a WFH-friendly environment. Tarrawarra's property market for houses is limited, with a small number of properties available. The median sale price for houses is relatively high, with minimal discounts observed. The low stock on market rate suggests limited supply, potentially leading to stable prices. The high online search interest may indicate a potential demand for properties in the area. The suburb has shown negative median growth, which could be a consideration for investors. Tarrawarra is a small, quiet suburb with a mature population and a strong WFH culture. The property market for houses is exclusive, with limited opportunities for investment. Investors should consider the high median sale price, low stock on market rate, and negative median growth when evaluating the suburb for investment purposes. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022