As a fast growing suburb, Officer has seen strong buyer interest in recent times, providing a family friendly environment with access to good amenities and facilities nearby. Approx 1 hour away from Melbourne CBD, Officer is generally seen a solid and safe area however it would be worth keeping an eye on the relatively high supply of housing, meaning capital growth may be gradual and long term.
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Median Price / Capital Growth - $735,000, has seen 7.57% annual compound growth in the last 10 years.
Rental Yield - 4.12%
Population - 18,498
Vacancy Rate - 2.12%
Vendor Discount Rate - -3.45%
