Axe Creek

Axe Creek, VIC 3551, is a suburb with a small population of 452 residents. The age groups are relatively evenly distributed, with a slightly higher representation of individuals aged 5-19 years and 45-64 years. The median household income is $2,230 per week, with a good mix of occupations such as managers, professionals, and technicians/tradeworkers present. The suburb offers a median mortgage repayment amount and weekly rent that are affordable compared to the household income. For potential homebuyers, Axe Creek has shown a median growth rate of 23.2%, indicating a healthy housing market. The suburb has a low stock on market rate and a relatively low Days on Market indicating high demand. The ICSEA percentile of 68.0 for government schools suggests a good educational advantage for students. Investors may find opportunities in renovating properties given the high sale price IQR ratio, which indicates potential for price variation within the market. Axe Creek, VIC 3551, is a suburb with a stable population and a diverse mix of age groups and occupations. The housing market has shown consistent growth, with affordable housing options and good prospects for investment, particularly in property renovation. The suburb offers a comfortable lifestyle with access to quality education and potential for steady returns on property investments. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022