Hotham Heights

Hotham Heights is a small suburb with a total population of 128. The age distribution skews towards younger adults between 20 to 34 years. The suburb offers a mix of occupations, with a notable presence of community and personal service workers, technicians, and tradeworkers. The median household income is relatively high, providing a comfortable living standard. Residents mostly commute by walking or using motor vehicles, with some working from home. For houses, Hotham Heights presents high property prices with a wide range between the first and third quartiles, suggesting potential for renovation projects. The area has shown negative median growth, which could indicate a buyer's market for houses. For units, the median growth has been positive, making it potentially appealing for investors seeking rental income. The high rental yield and low vacancy rate for units indicate a strong demand for rental properties. Hotham Heights offers a unique lifestyle with its small population and a focus on outdoor activities. Property investment in the suburb should be approached cautiously, with houses potentially suitable for renovation projects. Units present opportunities for investment with positive growth trends and strong rental demand. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022