Norval

Norval, VIC 3377, is a small suburb with a total population of 40 residents. The demographics skew towards older age groups, with a notable number of residents aged 45 to 64 years. The median mortgage repayment and rent are relatively affordable compared to the median household income. The most common occupations include Managers, Professionals, and Clerical and Administrative Workers, with a significant portion of residents commuting by motor vehicle. Given the small population and demographic distribution, investors may find limited opportunities in Norval for both houses and units. However, the presence of managerial and professional occupations could indicate a stable income base for potential rental properties. Norval, VIC 3377 offers a quiet lifestyle for its residents, with affordable housing options and a focus on motor vehicle commuting. Investors may need to explore adjacent suburbs for potentially more lucrative opportunities. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022