Gilmore

Gilmore is a suburb with a population of 2706. The demographic profile shows a mix of age groups, with a slightly higher percentage of residents aged 45 to 64 years. The suburb has a variety of occupations, with a notable presence of professionals, managers, and technicians/tradeworkers. The median household income is above average, and a significant portion of residents commute by motor vehicle. Gilmore also has a moderate proportion of residents working from home. For Houses: Gilmore presents a good opportunity for property developers or renovators due to a high Sale Price IQR ratio, indicating potential for renovation projects. The suburb has shown consistent median growth and a high market absorption rate, suggesting a strong demand for housing. For Units: The Unit market in Gilmore is characterized by a low vacancy rate and high median growth, making it an attractive option for investors looking for stable returns. Gilmore offers residents a comfortable lifestyle with good access to amenities and a range of housing options. For investors, the suburb provides opportunities in both Houses and Units, with each segment showing promising indicators such as high rental yields and growth rates. The suburb's strong market absorption rate reflects high demand and a positive outlook for property prices. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022