Kaleen

Kaleen is a suburb with a diverse age group, with a significant portion of the population aged between 20 to 44 years. The suburb offers a mix of housing options for homebuyers and renters with a range of income levels. Commuting by motor vehicle is the most common method, with a notable proportion working from home. For houses, Kaleen presents good potential for renovation projects due to a high saleprice IQR ratio. The rental market for houses is stable with moderate rental prices. Units may offer opportunities for long-term growth considering the low vacancy rate and high percentage of rented properties. The suburb's low discount median indicates a strong market demand for both houses and units. Kaleen, with its robust property market, offers investment opportunities in both houses and units. The suburb's steady population growth and strong educational facilities make it an attractive option for families and investors alike. With high room demand-supply ratios for both houses and units, Kaleen presents a promising real estate landscape for future growth. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022