Taylor Bay

Taylor Bay, VIC 3713, is a small suburb with a population of 76 residents. The demographic profile skews towards older age groups, particularly those aged 45 years and over. The median household income is $1,075 weekly. Residents typically work in managerial, professional, clerical, and community service occupations. Commuting mainly involves motor vehicles and a small percentage work from home. With a limited number of properties for sale and low median sale prices, Taylor Bay may appeal to investors looking for affordable housing options. The suburb has shown a significant decline in median growth rates over both short and long terms. The affordability index is notably low, but the rental demand seems stable with a moderate discount rate. Given the low stock on market rate, further research is recommended for potential opportunities in the area. Taylor Bay, VIC 3713, offers a quiet lifestyle with a predominantly older demographic. For property investors, the suburb presents potential opportunities for affordable housing investments, particularly for those interested in renovating properties. However, due diligence is advised due to the declining growth rates and low affordability index. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022