Taylors Hill

Taylors Hill, VIC 3037 is a vibrant suburb with a total population of 15,419. The area has a diverse demographic profile, with a mix of age groups, including a significant number of residents aged 5 to 19 years old and 45 to 64 years old. The median household income is relatively high at $2,374 weekly. The most prevalent occupations in the suburb are managers, professionals, and technicians/tradeworkers. Residents have access to various commuting options, with a notable 1,812 people working from home. For houses, Taylors Hill presents opportunities for investors seeking properties with good potential for renovation due to the relatively high sale price IQR ratio. The market absorption rate for houses is over 20%, indicating high demand and potential for price growth. With a median growth rate of 6.9% and a rental yield of 3.3%, houses could be a lucrative investment option. For units, the suburb offers steady growth potential, with a notable median price growth rate of 8.2% and a relatively low discount median. Units are also attractive for investors due to the high rental demand and a room demand-supply ratio of 144.7%. Taylors Hill, VIC 3037 is an appealing suburb for both homeowners and property investors. With a diverse population, high median household income, and good educational opportunities, it provides a quality lifestyle. The suburb's investment potential is promising, particularly for those interested in renovating houses or capitalizing on the growth of the unit market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022