Lemnos

Lemnos, VIC 3631, with a population of 251 residents, offers a diverse age distribution, with a significant number between 45 to 64 years. The suburb has a predominant workforce in managerial, professional, and technician roles. Residents have varied commuting preferences, with a notable proportion working from home. The ICSEA value indicates a moderate educational advantage in local government schools. For house investors, Lemnos presents a relatively stable market with a moderate IQR ratio suggesting potential for renovation projects. The rental yield is 4.0%, and the suburb experiences a low stock on market rate. While the median growth has seen a decline, the potential for long-term growth based on historical data is promising. Investors may consider the higher demand for rental properties in the area. Lemnos, VIC 3631, offers an attractive mix of demographic profiles and a stable property market for potential investors. Homeowners looking to settle in the area can benefit from a peaceful neighbourhood with good accessibility and a range of amenities nearby. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022