Fawkner

Fawkner, VIC 3060, is a diverse suburb with a population of 14,274 residents. The majority of residents fall within the age range of 20 to 44 years. The median household income is $1,428 per week, with a mix of occupations including professionals, technicians, and community service workers. The suburb offers various commuting options, with a significant number of residents working from home. For house investors, Fawkner presents a balanced market with a median sale price and rental yield. The high market absorption rate points to strong buyer demand and potential for price growth. With a relatively low vacancy rate, there is steady demand for rental properties. Unit investors may benefit from the suburb's rising median growth rate and room demand-supply ratio, indicating potential for high returns. Fawkner, VIC 3060, offers a vibrant community with a range of housing options. Investors can capitalize on the suburb's growth potential and strong demand for both houses and units. Homeowners will appreciate the convenient commuting options and access to various amenities in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022