Timor West

Timor West, VIC 3465 is a small suburb with a population of 23 residents. The majority of residents fall within the older age brackets, with a significant percentage aged 65 years or over. The median household income is relatively high, with a sizable proportion of residents working as managers. The suburb has a preference for commuting by motor vehicle, while working from home is also popular among residents. With a limited number of properties available, the housing market in Timor West is highly competitive. The median house sale price is at the lower end, making it potentially affordable for homeowners and investors looking for entry-level properties. The discount median indicates some negotiation room for buyers. However, the low affordability index percentile may pose challenges for some buyers. Timor West, VIC 3465 offers a quiet lifestyle in a small community setting, with a focus on older residents and high-income earners. The housing market presents opportunities for those looking for affordable homes, albeit with some competition. Investors should consider the limited supply of houses in the area and the potential for negotiation in property prices. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022