Theodore

THEODORE is a suburb with a population of 3798, characterised by a mix of age groups and mainly occupied by families and professionals. Residents have a higher-than-average median household income and prefer using motor vehicles for commuting. The suburb offers a good balance of housing options suitable for different family sizes. For houses, THEODORE presents a high market absorption rate, indicating strong demand and potential for capital growth. The suburb also has a low vacancy rate and a good rental yield, making it attractive for investors. The sale price IQR ratio suggests opportunities for renovators. For units, the market absorption rate is exceptionally high, indicating quick turnover rates. THEODORE offers a desirable lifestyle for families and professionals seeking quality housing options. With a strong demand for properties, particularly houses, investors can benefit from high rental yields and potential capital growth. Units also show promising investment opportunities with a quick market turnover rate. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022