Warrandyte South

Warrandyte South, VIC 3134, is a small suburb with a population of 671 residents. The demographic profile skews towards older age groups, with significant numbers in the 45 to 64 and 65 or over years categories. The suburb offers a high median household income per week and is mainly occupied by professionals, managers, and technicians/tradeworkers. Commuting patterns show a preference for motor vehicles, indicating a reliance on cars for transportation. For property investors interested in houses, Warrandyte South presents an opportunity with a high sale price IQR ratio, which could attract renovators seeking to add value. The suburb experiences low stock on market rates, suggesting a competitive market with relatively low days on market. Although the median growth has seen a decline, the area shows promise for long-term capital appreciation given its historical growth rates. The rental yield is relatively low, but the suburb's appeal lies in its prestigious location and potential for future growth. Warrandyte South, VIC 3134, offers a quiet lifestyle with a focus on higher-income professionals and older residents. Investors considering the suburb should explore opportunities in the housing market for renovation potential and long-term capital growth, despite the current lower rental yields. The area's low stock on market rates and high online search interest indicate a sought-after location with potential for future development. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022