Waurn Ponds

Waurn Ponds in VIC 3216 is a suburb with a diverse age demographic, with a significant population aged between 5 to 19 years and 20 to 24 years. The median household income is relatively high. The most common occupations include professionals, technicians and trades workers, and community and personal service workers. The suburb has good access to motor vehicle commuting, and a notable percentage of residents work from home. For houses in Waurn Ponds, the sale prices have shown consistent growth over the past 5 and 10 years, making it an appealing option for long-term investors. The suburb has moderate rental yield and a low vacancy rate, indicating a stable rental market. With a high room demand-supply ratio, it may be attractive for homeowners interested in renting out rooms. For units, the steady growth in prices over 10 years and low vacancy rates make it a potentially lucrative investment opportunity. Waurn Ponds offers a high-quality lifestyle with its educational advantage and good infrastructure. It presents investment opportunities in both houses and units, with the potential for capital growth and stable rental income. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022