Westmeadows, VIC 3049 is a family-friendly suburb with a mix of age groups, from young children to seniors, indicating a diverse community. The median weekly household income is above average, and there is a good balance of different occupations among residents. The suburb offers various commuting options, with a notable percentage of residents working from home. For house investors, Westmeadows shows high buyer demand with a market absorption rate above 20%. The suburb has a good room demand-supply ratio, indicating potential for renting out rooms for additional income. Renovators may find opportunities in houses given the high Sale Price IQR Ratio. For unit investors, although the market absorption rate is lower, the vacancy rate is significantly low, suggesting strong rental demand. Westmeadows, VIC 3049 presents an attractive prospect for both home buyers and investors. With excellent market absorption rates and growing interest, the suburb offers a promising investment opportunity. Its family-friendly environment, convenient commuting options, and varied demographic profile make it a desirable location for those seeking quality living standards. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022