Wanniassa

Wanniassa, ACT 2903, is a suburb with a total population of 7,885 residents. The area has a diverse mix of age groups, with a significant number of residents aged between 5 to 19 years and 45 to 64 years. The median household income is above average and residents mainly commute by motor vehicle. The suburb offers good opportunities for professionals, managers, and technicians/tradeworkers in terms of employment options. For house investments in Wanniassa, the market absorption rate is high, indicating strong demand and potential for price growth. The suburb has a low vacancy rate and a healthy rental yield. With a notable social housing ratio and room demand-supply ratio, there is the opportunity for investors interested in renovating properties. For unit investments, the rental market is robust with a high rented ratio and low vacancy rate. The room demand-supply ratio is also favourable for unit investors. Wanniassa presents an attractive opportunity for property investors, particularly in the housing market. With a strong market absorption rate and low vacancy rate, combined with a good mix of demographics and high rental demand, the suburb offers potential for capital growth and rental returns over the long term. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022