Tongala

Tongala, VIC 3621 is a small suburb with a population of 1973 residents. The age distribution is varied, with a significant proportion in the age group of 5 to 19 years and 45 to 64 years. The suburb has a mix of occupants, from professionals to labourers, with a notable proportion working in managerial, technical, and trade roles. The median household income is $1,220 weekly, with most residents commuting by motor vehicle. The ICSEA percentile for government schools is 29.0, indicating the educational advantage of students in the area. For houses, Tongala presents an opportunity for property developers or renovators due to a high Sale Price IQR ratio, suggesting varying property prices and potential for renovation projects. The suburb has a moderate online search interest, indicating some demand. For units, the market is less competitive with a lower stock on market rate. Investors may find opportunities to enter the market at a potentially lower price point. Tongala, VIC 3621 offers a quiet lifestyle with a diverse demographic mix. The suburb provides investment potential for both house buyers looking to renovate or develop properties and investors considering the unit market. With a focus on education and a predominantly car-centric commute, Tongala attracts residents seeking a peaceful residential environment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022