Burragate

Burragate, NSW 2550 is a small suburb with a total population of 96 residents. The demographic composition skews towards older age groups, with a significant portion aged 45 to 64 years and 65 years or over. The median mortgage repayment is moderate, and the median household income is relatively low. The most common occupations are managers, community and personal service workers, and clerical and administrative workers. The suburb has a moderate level of commuting via motor vehicle and a notable percentage of residents working from home. Given the demographic profile with a high proportion of older residents, there may be potential for demand in downsizing accommodation such as smaller units. Investors could consider offering rental properties suitable for older tenants looking to downsize or retire in the area. Additionally, the relatively low median rent and household income suggest a need for affordable rental options in the suburb. Burragate, NSW 2550 offers a quiet lifestyle in a small community with a focus on older age groups. Investors may find opportunities in providing suitable housing options for older residents or affordable rentals catering to the income levels of the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022