Cape Otway

Cape Otway is a small suburb with a total population of 34 residents. The demographic profile skews towards older age groups, with a significant proportion aged 45 to 64 and over 65 years. The median rent is moderately low at $351 weekly, indicating relatively affordable rental accommodation in the area. The predominant occupations include Managers, Professionals, Technicians and Tradesworkers. Given the small population size and limited data available, caution is advised for property investment in Cape Otway. Investors may consider exploring neighbouring suburbs with more robust property markets and investment potential. Cape Otway offers a quiet lifestyle with a focus on nature and serenity, making it potentially appealing to those seeking a peaceful retreat. The affordability of rental accommodation may attract tenants looking for budget-friendly options. However, investors should conduct thorough research and due diligence before considering property investment in this suburb. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022