Berrambool

Berrambool, NSW 2548, is a small suburb with a population of 486 residents. The area exhibits steady population growth over the years, particularly in the age groups of 0-19 years and 45-64 years. The suburb offers a mix of occupations, with a notable presence of Technicians and Tradeworkers, Professionals, and Community and Personal Service Workers. The median household income is $1,136 per week, and the median mortgage repayment is $1517 monthly. Residents commonly commute by motor vehicle, while a small proportion prefer walking or working from home. For house investors, Berrambool presents a moderate opportunity with a diverse range of property prices. With a sale price IQR ratio indicating potential for renovation projects, this suburb might attract renovators looking to add value. The suburb's high rental yield and median growth rate suggest strong investment potential. On the other hand, unit investors should note the higher rental yield compared to houses, indicating a potential rental demand for units. The suburb's low stock on market rate may indicate a stable market with good tenant retention rates. Berrambool, NSW 2548, offers a peaceful lifestyle in a growing community. Residents benefit from a range of occupation opportunities and affordable housing options. For investors, both houses and units in Berrambool have investment potential, with houses suitable for renovation projects and units presenting strong rental yield opportunities. The suburb's steady population growth and commuting preferences indicate a stable and potentially lucrative property market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022