Lockwood

LOCKWOOD, VIC 3551 has a population of 806 with a mix of age groups, including a significant number of residents aged between 5 to 19 years and 45 to 64 years. The suburb offers a variety of commuting options, with a notable number of residents opting to commute by motor vehicle. There is a balanced distribution of various occupations, with Managers, Technicians and Tradeworkers, and Clerical and Administrative Workers being the top three occupations. LOCKWOOD presents a high market absorption rate, indicating strong buyer demand which may lead to potential increases in home prices. The suburb's affordability index is low, making it a relatively affordable area for buyers. The sale price IQR ratio for houses is high, suggesting opportunities for renovators. LOCKWOOD, VIC 3551 offers a diverse community with multiple commuting options and a good mix of occupations among residents. The suburb shows promising investment potential due to its high market absorption rate and affordable housing options. Homeowners and investors looking for renovation opportunities may find LOCKWOOD appealing, particularly for houses given the high sale price IQR ratio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022