Acheron, VIC

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Livability Index
105.8
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Population: 270

House Growth Prediction (per annual): 18%, 2884th out of 5061

Unit Growth Prediction (per annual): 9%, 2624th out of 2987

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Basics

Acheron is a local community with population 270, and the population growth over the past decade is -12.4%. It has an average income $36,228 per annum. It has 97.4% of population who only speak English at home. Other top languages include . Unemployment rate in Acheron is 4.3% while people work as professionals is 14.6%. Acheron has 0 Coles stores and 0 Woolworth stores. Its population density is 0.13 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Acheron has Socio-Economic raw score 1043 while the average score across Australia is 1000. Therefore, Acheron has advantage in terms of Socio-Economic measure. It obtains relative score 74 out of 100 across Australia, while relative score 73 out of 100 within VIC. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Acheron has a livability index NA, which is NA than average 100 across Australia. It ranks NAth out of 8,530 suburbs across Australia. Therefore, it is a suburb NA livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 10.6% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Acheron has a lower than average growth expectation. It ranks 4,562th out of 8,530 suburbs in Australia, which is predicted to be not attractive to investors.

Unlike house, unit/flat/apartment in Acheron is predicted to grow by NA% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Acheron has a higher than average growth. It ranks NAth out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school contribute to the attractiveness of Acheron, which obtains score of 95.8 out of 100 within VIC based on local primary school student exam performance. Similar to primary school, secondary public school contribute to the attractiveness of Acheron, which obtains score of 88.8 out of 100 within VIC based on local secondary school student exam performance. Considering the background of students in primary school, Acheron has a worse than average score, which is 31 out of 100. Similar to to primary school, secondary school has worse than average score, which is 40.5 out of 100.

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Acheron, VIC smart rating was calculated by GeoIndex Australia.

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