Simpson

Simpson, VIC 3266, is a small suburb with a population of 583 residents. The age profile is varied, with significant numbers in the age groups of 5-19 years and 45-64 years. The median weekly household income is $1,566. The suburb has a mix of occupations, with the top three being Managers, Technicians, and Tradeworkers. The commute pattern mostly involves motor vehicles, with a notable percentage of residents working from home. Simpson presents an opportunity for property investors interested in houses. The suburb has a moderate rental yield of 7.5% and a low vacancy rate. The sale price data indicates a notable IQR ratio, suggesting it may be suitable for renovators. With a low stock on market rate and moderate growth rates over the past years, Simpson could be a long-term investment option for buyers looking at potential growth in the housing market. Simpson, VIC 3266, offers a quiet lifestyle with a mix of age groups and occupations. The suburb is appealing for property investors considering the potential for long-term growth in the housing market, particularly in the house segment. With a decent rental yield and low vacancy rates, Simpson could be an attractive choice for those looking to enter the property market or expand their investment portfolio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022