Collaroy

Collaroy, NSW 2097 is a suburb with a growing population, skewed towards younger and middle-aged demographics. The median household income is relatively high, and the majority of residents commute by private vehicle. There is a good balance in the mix of occupations, with professionals, managers, and technicians/tradeworkers being the top three occupations. The suburb has a moderate proportion of rented dwellings and a low social housing ratio. For house buyers or property developers interested in Collaroy, the suburb offers a high median sale price with a notable sale price IQR ratio, suggesting potential for renovation opportunities. With a moderate growth rate and below-average vacancy rate, Collaroy presents potential for long-term capital growth. For unit investors, the suburb provides a comparatively more affordable entry point with good rental yields, low discount median, and low vacancy rate, indicating a stable rental market. Collaroy, NSW 2097 is an affluent suburb with a mix of housing options catering to different investment preferences. The suburb's strong demand for both houses and units, coupled with its convenient commuting options, makes it attractive for 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