Speed

SPEED, VIC 3488, is a small suburb with a total population of 53 residents. The demographic is diverse, with a mix of age groups represented. Most residents commute using motor vehicles. The suburb has a low percentage of residents working from home. The median household income is $1,812 weekly. The housing market in SPEED, VIC 3488, shows moderate demand with relatively low days on market and a slight decrease in the median sale price over a 3-year period, followed by a significant increase over a 5-year and 10-year period. The suburb has shown a small discount median and manageable affordability for buyers. The sale price IQR suggests a stable market with potential for growth. SPEED, VIC 3488, offers a quiet lifestyle with affordable housing options and potential for future growth in property values. Homebuyers and investors may find opportunities in this suburb, given its stable market conditions and historical growth trends. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022