Gymbowen

Gymbowen, VIC 3401 is a small suburb with a total population of 60 residents. The demographic profile skews towards older age groups, with a significant portion in the 45 to 64 years and 65 years or over categories. The median mortgage repayment is relatively high compared to the median rent, indicating a higher rate of homeownership. Commute to work is primarily done through motor vehicles. Given the small population size and the demographics showing a higher proportion of older residents, there may be limited demand for new housing developments in Gymbowen. Investors looking into the suburb should consider the steady income levels and the prevalence of managers as the top occupation group. Gymbowen, VIC 3401 is a quiet suburb with a small population and a higher proportion of older residents. The suburb leans towards homeownership, with most residents commuting by motor vehicles. Investors should carefully assess the market dynamics in the area before considering any property investments. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022