Wantirna

WANTIRNA, VIC 3152 is a suburban area with a population of 14,237 residents. The population skews towards the age groups of 5 to 19 years and 45 to 64 years. The suburb has a good mix of occupations, with a notable number of professionals, managers, and technicians/tradeworkers. Residents primarily commute by motor vehicle and have a significant percentage working from home. The suburb's ICSEA percentile indicates a moderate level of educational advantage in government schools. For House investments, WANTIRNA presents an opportunity for high renovations due to a relatively high sale price IQR ratio, suggesting varying property conditions. With a rental yield of 3.1% and median growth rate of 5.7%, houses offer stable returns and potential for capital appreciation. The market absorption rate of 13.0% indicates a balanced market. For Unit investments, the low vacancy rate of 0.1% and a strong market absorption rate of 17.6% indicate a high demand for units. The suburb's unit market boasts a solid yield of 4.5% and a healthy room demand-supply ratio. WANTIRNA, VIC 3152 is a desirable suburb for both homeowners and investors. With a stable housing market, good rental yields, and opportunities for renovations in houses, it offers a balanced investment environment. The suburb's demographic profile indicates a mix of age groups and occupations, while the educational advantage in government schools is moderate, providing a good living environment for families. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022