Mount Beauty

Mount Beauty, VIC 3699 is a small suburb with a population of 910 residents. The area has a diverse age distribution, with a significant number of residents aged 45 to 64 years and over 65 years. The suburb offers a median weekly household income of $994 and a mix of occupations, with a notable presence of professionals, technicians, and trades workers. Residents have various commuting options, with many using motor vehicles and some opting for walking or working from home. The suburb has a low social housing ratio and a moderate ICSEA value indicative of educational advantage. For house investors, Mount Beauty offers properties with a median price range suitable for those looking for above-average rental yield opportunities. The suburb has shown a stable market with moderate demand and slightly discounted prices. With a growing population and steady building approvals, there is potential for capital growth and development in the area. For unit investors, the suburb demonstrates high growth potential and a high proportion of rented units indicating strong demand for rental accommodation. Mount Beauty, VIC 3699 presents a peaceful living environment with a close-knit community and a range of amenities suitable for families and retirees. The suburb offers investment opportunities in both houses and units, with the potential for good returns and steady growth in property values. The area's convenient commuting options and educational advantages further enhance its appeal to residents and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022