Mortlake

Mortlake, VIC 3272, with a population of 1,477, is a small suburb with a mix of age groups, predominantly adults aged 45-64 and 65 or over. The suburb has a low social housing ratio and a median household income slightly below the national average. Residents mostly commute by motor vehicle, while a significant number work from home. The suburb offers a balanced lifestyle with access to various commuting options and a growing population. Mortlake presents a stable property market with a moderate market absorption rate. The suburb's high sale price IQR ratio suggests potential opportunities for renovators. With a rental yield above 6%, investors may find the housing market attractive. Homeowners considering the suburb can benefit from its low vacancy rate and the potential for long-term capital growth. Mortlake, VIC 3272, is a tight-knit community with a stable property market. Investors may find opportunities in the housing market, while residents enjoy a balanced lifestyle with good commuting options and the flexibility of working from home. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022