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Thriving Medium Businesses: Top Suburbs in Latrobe with $200k-$2m Turnover
The number of businesses with an annual aggregated turnover of between $200,000 and $2 million. Aggregated turnover is the sum of the annual business income and the income of any connected or affiliated business.The data on medium businesses turnover in different suburbs can be useful for property investors and those looking to move as it provides insights into the economic activity and potential growth of a particular area. A higher number of medium businesses indicates a thriving local economy, which can attract more investment and create job opportunities. This, in turn, can lead to an increase in property values and demand for housing in the area. Additionally, a higher number of businesses can also mean more amenities and services available to residents, making the suburb more livable. For example, a suburb with a high number of medium businesses may have more restaurants, cafes, and shops, providing residents with a diverse range of options for entertainment and shopping. Data from 2020
| Area | Value |
|---|---|
| 1. Baw Baw | 1,860 |
| 2. Latrobe (Vic.) | 1,580 |
| 3. East Gippsland | 1,470 |
| 4. Wellington | 1,390 |
| 5. South Gippsland | 1,350 |
| 6. Bass Coast | 1,120 |
| 7. Mansfield | 424 |
| 8. Unincorporated Vic | 63 |
