Cavendish

CAVENDISH, VIC 3314 is a small suburb with a population of 366 residents. The demographic age groups are fairly distributed, with slightly higher numbers in the 45 to 64 years and 65 years or over categories. The median weekly household income is $1,452, with a mix of occupations including Managers, Professionals, and Technicians. Commuting patterns indicate a preference for motor vehicles, and there is a decent proportion of residents who work from home. The suburb has a moderate level of educational advantage for students attending government schools. For homebuyers interested in CAVENDISH, VIC 3314, the market shows some stability with low median growth rates over different periods. The property market has minimal stock on sale, with a rental price median of $405 per week. The high sale price IQR ratio suggests the suburb may attract renovators looking for potential value-add opportunities. Homeowners should consider the relatively low discount median. Investors may find opportunities in the suburb due to the growth potential indicated by the median house price and historical growth rates. CAVENDISH, VIC 3314 offers a quiet lifestyle in a small community with a good mix of residents across different age groups and occupations. The property market appears stable, making it potentially suitable for both homeowners and investors looking for long-term growth potential. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022