The Australian Bureau of Statistics has released their findings from the 2016 Census which demonstrates some fascinating insights into our community.
Not surprisingly is the increase of property prices in Kyneton. Since 2011, the median house price has increased by 21% whilst the population has increased by 5%.
Other key data includes the .1% increase of families now settling in Kyneton and the increase of 65+ year olds has increased by 18.9%. The demographic age of Kyneton weighs heavily towards the 35 + years.
These statistics allow property analysts to make some data-driven decisions about investments, developments and growth predications.
My take? More younger families seeking affordable homes in Kyneton as the 65+ year olds consider downsizing to more suitable domestic offerings.
The proof is in the data.