Tynong

TYNONG, VIC 3813 is a small suburb with a population of 523 residents. The age group distribution is fairly balanced, with significant numbers in the age bracket of 5 to 64 years. The median household income per week is $1,976, and the median mortgage repayment is $1,718 per month. The top three occupations in the suburb are Technicians and Tradeworkers, Managers, and Professionals. Commuting patterns show a preference for motor vehicle transport, with a sizable percentage also working from home. For house investors, TYNONG presents an opportunity for properties with a wide range of sale prices. The suburb has shown a steady population growth over the years, indicating potential demand for housing. With a moderate vacancy rate and a high online search interest, there may be opportunities for capital growth. The sale price IQR ratio suggests a good potential for renovators. However, the suburb has experienced negative median growth in recent years. It is advisable to thoroughly research the market conditions and consider the long-term growth prospects before investing. TYNONG, VIC 3813 is a small suburb with a diverse age demographic and a preference for motor vehicle commuting. The suburb offers an attractive median household income and a mix of occupations dominated by Technicians and Tradeworkers. House investors should carefully consider the market trends and growth prospects before making investment decisions due to recent negative growth trends. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022