Buchan South

With a total population of 102, Buchan South has a diverse age demographic with a significant proportion being over the age of 65. The median mortgage repayment is moderately high, while the weekly rent is relatively affordable. The dominant occupations in the suburb are managers, followed by machinery operators and drivers. Commuting via motor vehicle is the most common mode of transport. The suburb of Buchan South may appeal to investors looking for a quiet area with predominantly older residents. The affordable weekly rent could attract tenants looking for budget-friendly accommodation. The high percentage of residents commuting via motor vehicle could indicate the need for parking spaces in rental properties. Buchan South, with its aged population and affordable rental prices, presents an opportunity for investors seeking to cater to tenants looking for budget-friendly accommodation in a quiet neighbourhood. The predominant occupations suggest a potential demand for rental properties with parking facilities. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022