Arrawarra

ARRAWARRA is a small suburb with a population of around 591 residents. It has seen steady population growth over the years, with a higher percentage of older residents aged 65 and over. The suburb offers a peaceful lifestyle with a mix of different age groups. The median household income is around the average range, and the most common occupations include managers, professionals, and labourers. Residents primarily commute by motor vehicle, with a smaller percentage opting for bus or working from home. For houses, ARRAWARRA presents good investment opportunities for renovators due to the high Sale Price IQR Ratio, indicating potential for property improvement and value increase. With a market absorption rate of 50.0%, there is strong demand, which may lead to price appreciation. Additionally, the suburb has a high room demand-supply ratio, indicating potential for rental income. For units, the market is less competitive, with only a few properties available, making it an attractive prospect for investors seeking lower supply and potentially higher returns. ARRAWARRA is a tranquil suburb offering a modest lifestyle with good investment prospects, especially for those interested in the housing market. With a strong demand for properties and potential for renovation projects in the house segment, the suburb presents opportunities for both homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022