Vervale

Vervale, VIC 3814 is a small suburb with a total population of 44 residents. The demographic profile skews towards older age groups, with a significant portion aged 65 years or over. The most common occupations are Managers and Technicians/Tradeworkers. The majority of residents commute by motor vehicle, with a smaller percentage using other modes of transport. The median household income and housing costs are relatively low. Given the small population size and demographics skewed towards older age groups, investors should carefully consider the demand for housing in Vervale, VIC 3814. With a focus on Units, investors may find opportunities for rental properties catering to retirees or those looking for affordable housing options. Vervale, VIC 3814 is a small suburb with a significant proportion of older residents. The affordability of housing and low commute times by motor vehicle may appeal to investors looking to cater to retirees or those in search of affordable rental options. However, the limited population size suggests a potentially niche market for property investments. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022