Bundoora

Bundoora, VIC 3083 is a vibrant suburb with a population of 28,068 residents. The population is diverse, with a significant number of residents in the age range of 20 to 44 years. The suburb offers a range of commuting options, with a notable portion of residents opting to commute by motor vehicle. Work-from-home is popular in the area, with a substantial number of residents choosing this mode of work. For house investors, Bundoora presents opportunities with a balanced market absorption rate and a moderate vacancy rate. The suburb shows steady growth in median house prices over the years, making it potentially attractive for long-term investments. With a high room demand-supply ratio, property owners could explore options like renting out rooms to increase rental yield. For unit investors, the suburb boasts a high market absorption rate, indicating strong demand. The sale price IQR ratio for units suggests potential for renovation projects. Bundoora, VIC 3083 is a dynamic suburb with favourable investment prospects for both house and unit investors. Homeowners can enjoy a diverse community and convenient commuting options. Investors could benefit from the suburb's growth trends in median prices, along with opportunities for room rentals (houses) and renovation projects (units). Additionally, the suburb's education advantage index and commuting facilities add to its appeal for prospective residents. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022