Myrtleford

Myrtleford is a small suburb with a total population of 3,285 residents. It has a diverse age distribution with a notable number of residents in the age range of 45 to 64 years and those aged 65 or over. The median household income weekly is $1,143, with a mix of occupations including Managers, Professionals, and Technicians and Tradesworkers. The suburb offers a variety of commuting options, with many residents using motor vehicles for transportation. For Houses, Myrtleford presents a good opportunity for investors interested in properties with potential for renovation, as indicated by the high sale price IQR ratio. The suburb has shown consistent growth in the median sale price over the years. For Units, despite a smaller property count, there is a high rental demand with a low vacancy rate, making it attractive for investors seeking rental income. Myrtleford, VIC 3737 is a suburb with a close-knit community and a range of housing options. Homeowners looking for a quiet lifestyle may find the suburb appealing. Investors should consider the opportunities available in both the House and Unit markets, with potential for capital growth and rental yield. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022