Monash

Monash, ACT 2904 is a suburb with a population of 5644 residents. The age groups are relatively evenly distributed, with a higher proportion of residents falling in the age range of 45 to 64 years. The median household income is above average, and the suburb has a mix of occupations with a notable presence of professionals and managers. The suburb offers various commuting options, with a significant number of residents using motor vehicles to commute. The ICSEA percentile for government schools indicates a moderately high level of educational advantage for students in the area. For houses in Monash, the suburb has shown a strong market absorption rate, indicating high demand and potential for growth in property prices. The rental yield is reasonable, making it attractive for investors. The suburb also has a low vacancy rate and high online search interest, suggesting a good investment opportunity for those interested in the housing market. On the other hand, units in Monash have a lower median growth rate but offer a relatively higher rental yield compared to houses. Monash, ACT 2904 presents a promising investment opportunity for both homeowners and property developers. With its strong market absorption rate, low vacancy rate, and high rental yield for houses, the suburb is an attractive option for those looking to invest in the property market. Additionally, the suburb's demographic profile and commuting options make it a convenient and desirable location for residents. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022