Kealba

Kealba, VIC 3021 is a suburb with a population of 3,226 residents. The age groups are well distributed, with significant numbers in the 5-19 and 45-64 years ranges. The median weekly household income is $1,542, and the median rent is $370 per week. The most common occupations include professionals, managers, and technicians/tradeworkers. Commuting primarily involves motor vehicles, followed by working from home. The suburb has good community and personal service amenities, with opportunities for professionals as well. For houses in Kealba, the market absorption rate is notably high at 80.0%, indicating high demand and potential for price growth. The suburb has a low vacancy rate of 1.8% and a healthy room demand-supply ratio, making it attractive for property investors seeking rental income. With a moderate sale price IQR ratio of 14.5%, it could also be suitable for renovators looking to add value. Conversely, the unit market shows strong growth trends with a high sale price IQR ratio of 19.6% and a rental yield of 5.3% indicating it could be a good option for investors seeking capital growth. Kealba presents opportunities for both homebuyers and property investors. The suburb's well-balanced demographic profile and decent income levels make it an attractive place to live. With a mix of housing options, from houses to units, Kealba offers potential for capital growth and rental yields. Its high market absorption rate for houses suggests a strong demand, while the unit market shows promising growth trends. Overall, Kealba is a suburb worth considering for those looking for a blend of lifestyle and investment potential. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022