Nelson

Nelson, VIC 3292 is a small suburb with a population of 191, skewed towards older age groups with a significant number of residents aged 65 or over. The median household income weekly is $1,104, with a mix of occupations dominated by managers, professionals, and community and personal service workers. Residents mainly commute by motor vehicle, with a noteworthy 22% working from home. Nelson, VIC 3292 presents a promising opportunity for property investors interested in houses. The suburb boasts a healthy market absorption rate indicative of high demand, supported by a median growth rate of 25.7%. The rental yield median for houses is 6.2%, with a rental ratio of 23.0%. High online search interest further underscores the suburb's attractiveness to potential buyers. Nelson, VIC 3292 offers a peaceful lifestyle to its residents, particularly appealing to older demographics. For property investors focusing on houses, the suburb's strong market indicators, including high demand, growth potential, and rental yield, make it an area worth considering for long-term investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022