Yarragon

Yarragon, VIC 3823 is a small suburb with a population of 1893 residents. The age distribution is varied, with significant numbers in the 5-19 years and 45-64 years age groups. The median household income is $1,363 per week. The suburb offers a mix of occupations, with managers, professionals, and technicians/tradeworkers being the top three. Residents have various commuting options, with a notable portion working from home. Yarragon presents opportunities for both house and unit investors. The market absorption rate is high, indicating strong demand and potential price growth. The suburb has a healthy rental yield for both houses and units. The significant room demand-supply ratio suggests a good market for renting out rooms. Additionally, the suburb's estimated population growth over the years signals a potentially growing rental market. Yarragon, VIC 3823 offers a diverse lifestyle with a mix of residents across different age groups and occupations. Investors can find promising opportunities in both the house and unit markets, with strong demand and growth prospects. Homeowners looking to settle in the suburb can benefit from the community's convenience and potential value appreciation over time. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022