Timor

Timor, VIC 3465 is a small suburb with a population of 68 residents. The majority of the population falls within the age groups of 45 to 64 years and 65 years or over. The median household income weekly is $1,031, and the median mortgage repayment monthly is $1,213. Commuting mainly occurs by motor vehicle, with a small percentage working from home. The suburb has a low ICSEA percentile for government schools, indicating educational advantages may be limited. With a high sale price IQR ratio for houses, Timor could be an attractive option for renovators looking to increase property value. The discount median percentage suggests potential negotiation opportunities for buyers. The online search interest is relatively high, indicating a good level of buyer demand. However, the affordability index percentile is low, indicating potential challenges in affordability for residents. Timor, VIC 3465 offers a quiet lifestyle in a small community, primarily consisting of older residents. For property investors interested in houses, there may be opportunities for renovation projects and negotiation on sale prices. The suburb shows moderate buyer interest, but affordability might be a factor to consider for both investors and homebuyers. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022