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Tyers suburb profile

Tyers is a picturesque rural suburb located in Victoria's Latrobe Valley, approximately 160km east of Melbourne. Known for its serene landscapes and close-knit community, Tyers offers a peaceful lifestyle amidst natural beauty. The suburb is surrounded by lush greenery and rolling hills, providing ample opportunities for outdoor activities such as hiking and birdwatching. With its proximity to the regional centre of Traralgon, residents enjoy access to essential amenities while maintaining a tranquil rural setting. Tyers is an ideal location for those seeking a harmonious blend of country living and convenient access to urban facilities.

Tyers property market performance

Tyers' property market has remained stagnant over the past 12 months, with no change in median house or unit values. The current median house and unit prices stand at $0, indicating a lack of market activity or available data. Over the past year, only 4 houses have been sold, with no unit sales recorded, reflecting limited transaction volume in the area.

Houses in Tyers have a median time on market of 118 days, suggesting a slow-moving market with potential challenges in attracting buyers. The rental market also shows no activity, with average rents for both houses and units remaining at $0, and no change in rental values over the past year.

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Median days on market
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107N/A
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Tyers demographics

Tyers, a quaint suburb located in Victoria, offers a serene lifestyle with a small population of 893 residents. The median age of 41 suggests a mature community, likely comprising families and long-term residents who appreciate the peaceful environment and close-knit community feel. The suburb's charm lies in its balance between family life and the tranquility of rural living, making it an ideal place for those seeking a slower pace away from the hustle and bustle of city life.

The household composition in Tyers is predominantly made up of couple families, with both those with children and those without children each accounting for 46.3% of the population. This indicates a strong family-oriented community, where family values and connections are likely prioritized. The presence of one-parent families is relatively low at 7.5%, and there are no other family types recorded, highlighting the suburb's traditional family structure.

Property ownership in Tyers is notably high, with 41.1% of homes owned outright and 54.6% owned with a mortgage. This reflects a stable and established community where residents have invested in their homes and the area. The rental market is minimal, with only 4.3% of properties being rented, suggesting that Tyers is more appealing to those looking to settle down and establish roots. With a median total household income of $2051 weekly, the suburb offers a comfortable living standard for its residents, further enhancing its appeal as a family-friendly and secure place to live.

Suburbs near Tyers

Some popular suburbs near Tyers include:

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