Bandon Grove

Bandon Grove is a small suburb with a total population of 135 residents. The age distribution is varied, with a significant number of residents falling in the age groups of 45 to 64 years and 65 years or over. The median mortgage repayment is relatively high compared to the median rent, indicating a higher rate of homeownership. The most prevalent occupations are Managers, followed by Clerical and Administrative Workers. Given the demographic profile with a substantial number of residents in the age groups more likely to own homes, there might be potential for property investors to target the rental market for this segment. The proportion of residents commuting by WFH is notable, suggesting a preference for remote work, which could impact the demand for rental properties with suitable amenities for telecommuting. Bandon Grove offers a quiet lifestyle with a mix of age groups and a focus on homeownership. Property investors may find opportunities in catering to the rental market for older residents and those engaging in remote work. The suburb's small population size and limited housing data indicate a niche market that can be further explored for investment potential. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022