Burringbar

Burringbar has a population of 878 residents, with a mix of age groups represented. The median household income per week is $1,482, and the suburb offers a variety of occupations for residents. The suburb has a median mortgage repayment of $1,733 monthly. Around 16.6% of properties in Burringbar are rented. Residents mainly commute by motor vehicle, and there is a growing trend of working from home. The ICSEA value for government schools is at the 42.0 percentile. Burringbar presents an interesting opportunity for property investors, particularly in the housing market. With a high sale price IQR ratio, the suburb may attract renovators seeking properties with potential for value addition. The market absorption rate suggests moderate demand, while the vacancy rate is relatively low. Although the median growth has been negative, the suburb shows potential for long-term growth based on its population growth rates. Burringbar offers a peaceful lifestyle with a close-knit community and a range of housing options for residents. The suburb's affordability index is low, which may appeal to first-home buyers and investors looking for potential growth opportunities. With a focus on education and a diverse range of occupations, Burringbar provides a well-rounded living environment for its residents. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022