Wellsford

Wellsford, VIC 3551 is a small suburb with a population of 144 residents. The age distribution is fairly balanced across different age groups. The suburb has a mix of occupations, with Technicians and Tradeworkers, Clerical and Administrative Workers, and Managers being the top three occupations. The median household income weekly is $1,421. Commuting primarily occurs via motor vehicles, with a small percentage working from home. Wellsford could be an attractive suburb for property investors looking for renovating opportunities, given the high Sale Price IQR Ratio. The suburb has shown a decrease in median house prices over the last 3 and 10 years. Buyers seem interested based on the online search interest, but the stock on market rate is relatively low. Rental properties have a decent percentage of occupancy, indicating demand from tenants. Wellsford, VIC 3551 is a small suburb with potential for property investment. While median house prices have declined in recent years, the suburb offers opportunities for renovators. The balanced age distribution and mix of occupations contribute to a diverse community. The interest from buyers and rental demand make Wellsford an interesting prospect for both homeowners and property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022