Bochara

Bochara, VIC 3301 is a small suburb with a total population of 84 residents. The demographic skews towards individuals between 45 to 64 years old. The median mortgage repayment is moderate, with a relatively low median rent and household income. The most common occupations include managers, professionals, and community and personal service workers. The suburb has a notable percentage of residents who commute by motor vehicle. Due to the small population size and limited demographic diversity, investors may face challenges in finding a diverse tenant base in Bochara. The predominantly older age group suggests potential demand for age-appropriate housing options tailored to retirees. Property developers should consider the aging population when planning new developments in this suburb. Bochara, VIC 3301 is a small suburb with a focus on older residents. The housing market presents unique opportunities for investors targeting specific demographics such as retirees. The commuter preferences of residents indicate a reliance on motor vehicles for transportation. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022