Taylors Lakes

Taylors Lakes, VIC 3038, is a thriving suburb with a population of 15,174 residents. The demographic makeup comprises primarily of individuals aged between 20 to 44 years, with a substantial presence of families and young adults. The median household income per week is above average. The suburb offers a range of transport options, with a significant percentage of residents opting to commute by motor vehicle. Additionally, there is a high proportion of residents choosing to work from home. Taylors Lakes provides access to educational facilities with an ICSEA percentile indicating a moderate level of educational advantage in government schools. For house investors, Taylors Lakes presents a healthy market with a balanced mix of rental yield and potential for capital growth. The suburb's high market absorption rate hints at increasing demand, suggesting a positive outlook for property value appreciation. With a low vacancy rate and steady population growth, investing in houses could offer a stable income stream. For unit investors, although the yield median is slightly higher compared to houses, the market absorption rate indicates lower demand. Due to a minimal increase in the median growth rate over the years, cautious consideration is advised for unit investments. Taylors Lakes, VIC 3038, offers a desirable lifestyle for residents, with a focus on family-friendly living and convenient transportation options. For property investors looking at houses, the suburb presents a promising opportunity for long-term growth and rental yield. Alternatively, unit investments may require a more conservative approach given the lower demand indicated by market absorption rates. Overall, Taylors Lakes stands as a suburb with potential for those seeking to invest in the property market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022